The Market in a Minute

For the Week Ending February 12, 2016

Please enjoy this quick update on what happened this week in the housing and financial markets.


The labor market appears to be on solid footing.  Jobless claims were at the lowest level in 7 weeks despite slowing economic growth and a stock market rout.
A strong labor market likely isn't enough to convince the Fed to raise policy rates in March. Recent Fed testimony made a rate increase sound unlikely.
Oil pricing continues to suffer, and stocks continue to plummet. Weakness in equity markets drives money to bonds, supporting lower mortgage rates.

Purchase mortgage applications are 25% higher than a year ago, signaling strengthening in future home sales. Lower rates are likely contributing.
Renters across the U.S. pay an average of $112 more in car insurance than home owners. Just another reason for renters to move to home ownership.
Fannie Mae's recent survey shows consumers are increasingly positive about their ability to get a mortgage. Consumer confidence helps the housing market.

Sam walks into his boss’s office. “Sir, I’ll be straight with you. I know the economy isn’t great, but I have over three companies after me, and I would like to respectfully ask for a raise.”


After a few minutes of haggling, the boss finally agrees to a 5% raise, and Sam happily gets up to leave.  “By the way,” asks the boss, “which three companies are after you?”


“The electric company, water company, and phone company,” Sam replied.




Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.


Jonathan Gibbons
Mortgage Loan Originator
NMLS # 427023
100 North Main St  
Fort AtkinsonWI  53538

(920) 397-3163
Pacific Union Financial, LLC, NMLS #2221
By refinancing your existing loan, your total finance charges may be higher over the life of the loan. This is not a loan approval and is provided for illustrative purposes only. Your actual financial situation may be different and your results may vary. Pacific Union Financial, LLC, 8900 Freeport Parkway, Suite 150, Irving, TX 75063, (800-809-0421), NMLS Number 2221,, Arizona Mortgage Banker License #BK-0923500; California, Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, Residential Mortgage Lending Act License #4150081 and the California Finance Lender Law, Finance Lenders Law License #6053971, loans will be made pursuant to either the Residential Mortgage Lending Act or the Finance Lenders Law license; Colorado, regulated by the Division of Real Estate, check the license status of your mortgage loan originator at; Georgia Residential Mortgage Licensee #34038; Illinois Residential Mortgage Licensee #MB.6760895, Illinois Department of Financial and Professional Regulation, Division of Banking, James R. Thompson Center, 100 W. Randolph, 9th Floor, Chicago, IL 60601 (888-473-4858); Kansas Licensed Mortgage Company, License #MC.0025142; Massachusetts Mortgage Lender, license #2221; Minnesota: This statement is not an offer to enter into an agreement. Any such offer may only be made in accordance with the requirements of Minn. Stat. § 47.206(3), (4); Mississippi, Licensed by the Mississippi Department of Banking and Consumer Finance; New Hampshire, Licensed by the New Hampshire Banking Department; New Jersey, Licensed by the N.J. Department of Banking and Insurance; Oregon Mortgage Lender License #ML-3586; Pennsylvania, Licensed by the Pennsylvania Department of Banking and Securities; Rhode Island Lender License, Rhode Island Licensed Lender; Virginia, Pacific Union Financial, LLC NMLS Number 2221, ( Equal Housing Opportunity.


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David Brinkley

David Brinkley

Sales Associate
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