Weekly Economic Update

Weekly Economic Update

Trump’s new economy is benefiting from a reduction in the US Trade Balance, falling from -$48.2. billion to $43.6 billion.

US Durable Goods also saw an improvement of 1.8% in February.

MBA Mortgage Applications fell 1.6% last week.  The 30-year Fixed Rate Mortgage gained 1bps to 4.34%.  15-year stayed the same

Initial Jobless Claims pushed down to the lower end of their band, falling 25k to 234k as confidence in the economy stays strong.

The US added 98k  in new jobs in March.  Unemployment fell to 4.5%, the lowest level since September 2007.

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