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Mark Hemingway

Mortgage Market Update for November 22nd

Monday, November 25, 2019 - Article by: Mark Hemingway - Security Financial Services, LLC - Message

All US markets are closed next Thursday for Thanksgiving. On Friday, the bond markets close early at 2:00 p.m. ET while stocks close at 1:00 p.m. ET. Next Friday is typically one of the lowest trading volume days of the year. This means next Friday could have market volatility if big news hits along with low trading volume, which exaggerates price moves.

Consumer Sentiment rose in November rose to a four month high due in part to strong employment, record high stock prices and prospects of a US-China trade deal. The Consumer Sentiment Index rose to 96.8 in November from 95.5 in October. Within the report it showed that the expectations index increased. With the US in its longest economic expansion period in history, consumers are helping to fuel the economy with solid consumer spending. The holiday shopping season should be good for retailers.

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