11/03/20 Aplicarán estímulos fiscales ayudar economia

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Consumer price index Feb. 0.0% 0.1%
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Futures a la baja.


LAST CHG %CHG
Crude Oil Futures 35.40 1.04 3.03
Brent Crude Futures 38.62 1.40 3.76
Gold Futures 1656.80 -3.50 -0.21
Silver Futures 17.065 0.110 0.65
DJIA Futures 24399 -450 -1.81
S&P 500 Futures 2809.00

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Mortgage refinance applications spike 79% as homeowners rush to take advantage of lower rates
PUBLISHED WED, MAR 11 20207:00 AM EDTUPDATED 13 MIN AGO
Diana Olick
@IN/DIANAOLICK
@DIANAOLICKCNBC
@DIANAOLICK
Refinance applications rose a whopping 79% last week and were 479% higher than a year ago.
Mortgage applications to purchase a home increased a much milder 6% for the week and were 12% higher annually.
Mortgage rates have come off their record lows and took a sizable move higher on Tuesday, as news of potential government stimulus to combat the financial effects of COVID-19 circulated.
WATCH NOW
VIDEO01:42
Mortgage refinance applications spike, hitting highest level since April 2009
Another major drop in mortgage rates caused a massive jump in borrowers applying to refinance their home loans.

The surge sent total mortgage application volume up 55.4% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 192% higher annually.


Refinance applications rose a whopping 79% for the week and were 479% higher than a year ago. That was the highest level of refinancing since April 2009. Falling mortgage rates over the past several weeks generated an unexpected refinance boom, but last week, when rates fell even more sharply due to deep market concerns over the coronavirus, the news clearly resonated with borrowers. The refinance share rose to 76.5% of total applications from 66.2% the previous week.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) matched the MBA’s December 2012 survey low of 3.47%, from 3.57%, with points increasing to 0.27 from 0.26 (including origination fee) for loans with a 20% down payment. That rate was 117 basis points lower than a year ago.

Other reads on mortgage rates, like Freddie Mac’s weekly index, had the average rate hitting a record low.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) decreased to the lowest level since the series was added in 2011, 3.58%, from 3.63% with points decreasing to 0.20 from 0.21 (including the origination fee) for loans with 20% down.

“Taking into the account the current economic situation and how much rates have fallen, MBA is nearly doubling its 2020 refinance originations forecast to $1.2 trillion, a 37% increase from 2019 and the strongest refinance volume since 2012,” said Joel Kan, an MBA economist. “As lenders handle the wave in applications and manage capacity, mortgage rates will likely stabilize but remain low for now. This in turn will support borrowers looking to refinance or purchase a home this spring.”


Mortgage applications to purchase a home increased a much milder 6% for the week and were 12% higher annually. Potential homebuyers are clearly weighing these very low interest rates against their concerns over the coronavirus’ effect on the overall economy and employment. They are also facing a record low supply of homes for sale.

Mortgage rates have come off their record lows and took a sizable move higher on Tuesday, as news of potential government stimulus to combat the financial effects of COVID-19 circulated.

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CHG %CHG
Crude Oil Futures 33.38 -0.98 -2.85
Brent Crude Futures 36.11 -1.11 -2.98
Gold Futures 1667.10 6.80 0.41
Silver Futures 17.055 0.100 0.59
DJIA Futures 24279 -570 -2.29
S&P 500 Futures 2795.25 -70.55

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CHG %CHG
Euro (EUR/USD) 1.1337 0.0054 0.48
Japanese Yen (USD/JPY) 104.69 -0.95 -0.90
U.K. Pound (GBP/USD) 1.2915 0.0006 0.05
Swiss Franc (USD/CHF) 0.9349 -0.0050 -0.53
Chinese Yuan (USD/CNY) 6.9490 -0.0076 -0.11
U.S. Dollar Index 96.14 -0.28

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LAST CHG %CHG
Crude Oil Futures 33.03 -1.33 -3.87
Brent Crude Futures 35.69 -1.53 -4.11
Gold Futures 1664.40 4.10 0.25
Silver Futures 16.930 -0.025 -0.15
DJIA Futures 24092 -757 -3.05
S&P 500 Futures 2773.75 -92.05

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Price: US$/lb

Copper March 11,08:59
Bid/Ask 2.5034 - 2.5043
Change -0.0098 -0.39%
Low/High 2.5034 - 2.5362
Charts

Nickel March 11,08:58
Bid/Ask 5.6835 - 5.6880
Change -0.0491 -0.86%
Low/High 5.6767 - 5.8234
Charts

Aluminum March 11,08:59
Bid/Ask 0.7551 - 0.7553
Change -0.0057 -0.76%
Low/High 0.7546 - 0.7636
Charts

Zinc March 11,08:59
Bid/Ask 0.8898 - 0.8900
Change +0.0002 +0.03%
Low/High 0.8837 - 0.9070
Charts

Lead March 11,08:58
Bid/Ask 0.8368 - 0.8373
Change +0.0011 +0.14%
Low/High 0.8348 - 0.8447
Charts

Uranium Mar 09, 2020
Ux U308 price: 24.40
Change from
previous we

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LAST CHG %CHG
DJIA 24232.52 -785.64 -3.14
S&P 500 2801.62 -80.61 -2.80
Nasdaq Composite 8140.64 -203.61 -2.44
Japan: Nikkei 225 19416.06 -451.06 -2.27
UK: FTSE 100 5968.23 8.00 0.13
Crude Oil Futures 33.42 -0.94 -2.74
Gold Futures 1661.60 1.30 0.08
Yen 104.61 -1.03 -0.97
Euro 1.1348 0.0065

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CHG %CHG
DJIA 23925.62 -1092.54 -4.37
S&P 500 2766.85 -115.38 -4.00
Nasdaq Composite 8037.90 -306.35 -3.67
Japan: Nikkei 225 19416.06 -451.06 -2.27
UK: FTSE 100 5918.31 -41.92 -0.70
Crude Oil Futures 32.99 -1.37 -3.99
Gold Futures 1651.50 -8.80 -0.53
Yen 104.61 -1.03 -0.98
Euro 1.1288 0.0005

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CHG %CHG
DJIA 23911.75 -1106.41 -4.42
Nasdaq Composite 8033.97 -310.28 -3.72
S&P 500 2764.75 -117.48 -4.08
China: Shanghai Composite 2968.52 -28.24 -0.94
Japan: Nikkei 225 19416.06 -451.06 -2.27
UK: FTSE 100 5912.95 -47.28

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T CHG %CHG
Crude Oil Futures 33.11 -1.25 -3.64
Brent Crude Futures 35.85 -1.37 -3.68
Gold Futures 1652.90 -7.40 -0.45
Silver Futures 16.885 -0.070 -0.41
DJIA Futures 23930 -919 -3.70
S&P 500 Futures 2765.50 -100.30