As a result of high affordability, improving labor markets, rising rents, and expanding credit availability, Freddie Mac said that 2015 will be the best year that Home Sales have seen in the last eight years. Here’s to a great year ahead!
In the mean time, Retail Sales dropped 0.1%, while a reading of +0.6% was expected; Weekly Jobless Claims come in at only 289K, under the 306K that the markets expected. Stocks are up and Bonds are down. MBS pricing looks to have hit a ceiling of resistance; my opinion is that interest rates will stay here for now.