12 Jun Market Report as of June 8, 2019

The Dow Jones Industrial Average closed the week at 25,983.94 up 4.7%from 24,815.04 last week. It’s up 11.4% year to date. The S&P 500 closed the week at 2,873.34 up 4.4% from 2,752.06 last week. It’s up 14.6% year to date. The NASDAQ closed the week at 7,742.10 up 3.9% from 7,453.15 last week. It is up 16.7 year to date.

Treasury Bond Yields at lowest levels in 24 months . The 10 year treasury bond closed the week yielding 2,09% down from 2.14% last week. The 30 year treasury bond yield was 2.57% unchanged from last week. Mortgage rates follow bond yields.

Mortgage rates dropped to lowest levels in 2 years. 30 year fixed average was 3.82% down from 3,99% last week. The 5 year ARM was 3,52 down 3,60% last week.