10-Year Yields Closing in on 11-Month High – Market Update

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Treasuries held their largest gain in two weeks yesterday. 10-year yields were closing in on an 11-month high before the retail sales report is released today.

What’s Up on Wall Street?

The Dow Jones Industrial Average decreased 16.40 points (-0.11) while the Nasdaq also fell 1.22 points (-0.04). Also, the S&P 500 dropped 0.31 points (-0.02).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.625% (3.839% APR)
• 15-Year Fixed: 2.875% (3.234% APR)
• 7-Year ARM: 2.50% (2.985% APR)

Visit our mortgage rates page to find out how much you can save with today’s rates, or use our mortgage calculator to find more rates and loan options.

Financial Links

Here are a few links to some of today’s financial articles. Be sure to leave a comment below if you know of any additional financial articles that are trending today.

Washington Post

Retail Sales Jump 1.1 Percent

MarketWatch

Stocks Steady; Dow Retreats from Record

HousingWire

FHFA: HARP Refinancings Beat 2012 Estimates