My word, what a year for financial blunders. Well, technically “This Week in Financial Blunders” hasn’t been running for a full year, but the Zing Blog would be ill-advised not to include a “best of” list like every other publication in the blogosphere. Unfortunately, only people who work at Freddie Mac would read a “Top 12 Biggest Moves in the Primary Mortgage Market Survey” blog, so instead we’ve compiled our six favorite financial blunders from the past year. The biggest, weirdest, saddest and funniest are all here, so read them and weep. Weep for joy or sadness, whichever you prefer.
Bonds are down slightly this morning ahead of the first Treasury auction of the new year for $13 billion of 30-year bonds. In terms of economic releases today, the weekly jobless claims figures were forecasted to come in lower at 365,000 from 372,000, however, they actually came in higher at 371,000.
What’s up on Wall Street?
The Dow Jones Industrial Average gained 47.35 points (+0.35%) while the Nasdaq also went up 11.52 points (+0.37%). Likewise, S&P 500 increased 6.66 points (+0.46%).
Current Mortgage Rates
Here are some of today’s mortgage rates:
- 30-Year Fixed Mortgage: 3.50% (3.702% APR)
- 15-Year Fixed Mortgage: 2.75% (3.126% APR)
- 7-Year ARM: 2.625% (3.101% APR)
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.
The New York Times
U.S. consumer watchdog to issue mortgage rules