Market Update
(all values as of 05.30.2025)

Stock Indices:

Dow Jones 42,270
S&P 500 5,911
Nasdaq 19,113

Bond Sector Yields:

2 Yr Treasury 3.89%
10 Yr Treasury 4.41%
10 Yr Municipal 3.31%
High Yield 7.26%

YTD Market Returns:

Dow Jones -0.64%
S&P 500 0.51%
Nasdaq -1.02%
MSCI-EAFE 17.30%
MSCI-Europe 21.20%
MSCI-Pacific 10.50%
MSCI-Emg Mkt 8.90%
 
US Agg Bond 2.45%
US Corp Bond 2.26%
US Gov’t Bond 2.44%

Commodity Prices:

Gold 3,313
Silver 33.07
Oil (WTI) 60.79

Currencies:

Dollar / Euro 1.13
Dollar / Pound 1.34
Yen / Dollar 144.85
Canadian /Dollar 0.72
 

Higher Mortgage Rates Keep Homebuyers from Buying – Housing Market

With interest rates breaching higher levels, mortgages are becoming less affordable for millions of Americans. As a result, demand for new mortgages continues to reach decades-long lows, influencing homebuyers to either wait for rates to fall or for home prices to drop significantly.

Economists believe that a unique dynamic has evolved from the current housing environment. Existing homeowners with low mortgage rates are hesitant to sell and move into a higher-rate mortgage, enticing homeowners to stay put. This in effect minimizes the inventory of homes available for sale and possibly acts as a price buffer for available homes.

The 30-year fixed mortgage rate reached 6.65% in early March, its highest point since November of last year. This comes amidst continuously higher mortgage loan rates that reached as high as 7.08% in October and November of 2022, a 20-year high that the housing market last saw in 2002.

Sources: Federal Reserve of St. Louis, Freddie Mac.