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    Economic Update – Week Ending October 25, 2014

    US stocks have best week in nearly 2 years!!  After the turbulence in the market last week, U.S. stocks had their best week in nearly two years. Markets were helped by strong quarterly earnings from Microsoft and other big U.S. companies and positive housing data. The Dow Jones industrial average closed the week at 16,805.41, up 425 points from last […]

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    Economic Update – Week Ending October 18, 2014

    DataQuick reported that the number of home sales in California rose for the first time in a year in September, as cooling prices and a strong economy encouraged buyers.  The median sales price for new and existing houses and condominiums was $389,000 last month, down 1% from $393,000 in August but up 9.6% from $355,000 […]

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    Economic Update – Week Ending October 11, 2014

    Mortgage Rates were down for the 3rd straight week. The average rate for a 30-year fixed-rate mortgage fell to 4.12% in the week that ended Oct. 9, hitting the lowest rate in a month and close to the lowest level in 2014, from the prior week’s reading of 4.19%, according to Thursdays report. Fixed mortgage rates were down on a week […]

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