Mark Levin

ON AIR NOW

Mark Levin

3:00pm - 6:00pm

Contact
Business News


A rush on home-purchase mortgages pushed application totals up 5.5% last week. Volume is 10% higher than a year ago. Applications to purchase a home jumped 19% on the week and is now 11% higher than a year ago. The interest rate for 30-year fixed mortgage increased to 4.16%, its highest level since January. Applications to refinance a home loan dropped 3% for the week, but is 9% higher than a year ago. (Mortgage Bankers Association)

New orders for U.S. manufactured capital goods
rose 0.4% in October.  However, business spending on equipment declined for a fourth straight quarter. There was a 12% surge in demand for transportation equipment.  Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more jumped 4.8% last month. That was the biggest rise since October 2015. (Commerce Department)

The Index of Consumer Sentiment hit 93.8 in November.   Up from 87.2 in October. (University of Michigan)

You knew they were the 800-pound gorilla in the room, but this is big. Apple has a record 91% share of profits in the global smartphone market in Q3. (CNBC)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

Hide Comments

Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.