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Bond prices are benefiting from the news of the re-election of President Barack Obama. Now that the election is out of the way, we can get back to worrying about Europe’s debt crisis and the upcoming fiscal cliff.

What’s Up on Wall Street?

The Dow Jones Industrial Average decreased 232.30 points (-1.75%) while the Nasdaq fell 53.89 points (-1.79%). Also, the S&P 500 dropped 25.06 points (-1.75%).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.375% (3.628% APR)
• 15-Year Fixed: 2.75% (3.239% APR)
• 7-Year ARM: 2.625% (3.141% 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.

CNNMoney

World Markets Slide on Weak Growth Outlook

Bloomberg

Home Prices Rise in 81% of U.S. Cities as Markets Recover

HousingWire

Mortgage Application Filings Drop in Wake of Hurricane Sandy