Mortgage rates fall
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 8 November 2023
⏱️ 2 minutes
🧾️ Download transcript
Summary
Stocks close mixed; mortgage rates drop by largest amount since July 2022; Disney’s ad revenue falls; wholesale inventories tick up.
Transcript
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| 0:00.0 | This Marketplace Podcast is |
| 0:01.4 | is supported by Principal Financial Group. |
| 0:04.4 | Facts are facts. |
| 0:06.1 | Employees want to feel financially secure in their future. |
| 0:09.7 | In fact, according to a 2023 study by principal, 87% of employers say that better employee |
| 0:16.3 | financial security means employees are engaged and productive at work. |
| 0:21.7 | At principal, they help you invest in your people, and when you take care of your team, they take |
| 0:27.2 | care of business. |
| 0:29.1 | Learn more at Principal.com slash benefits. Products and services offered by member companies of the principal |
| 0:35.1 | financial group Des Moines Iowa for important information visit principal |
| 0:39.0 | dot com slash disclosures this is the Marketplace Minute. |
| 0:44.0 | I'm Justin Ho. |
| 0:46.0 | Stocks didn't move very much on Wednesday. |
| 0:48.0 | The Dowell fell a tenth of a percent, |
| 0:50.0 | but the S&P and the NASDAQ rose about a tenth of our percent. |
| 0:54.0 | The average interest rate on a 30-year fixed mortgage fell last week, |
| 0:58.0 | according to the Mortgage Bankers Association. |
| 1:00.0 | In fact, it fell by the most since July of last year. |
| 1:03.0 | Two weeks ago, it was near 7.9%. |
| 1:05.8 | Now it's down to just over 7.6%. |
| 1:08.8 | The Mortgage Bankers Association says that's thanks in part to the Federal Reserve's |
| 1:12.4 | decision to keep interest rates unchanged. |
... |
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