Treasuries rose yesterday amidst mixed economic news. Housing starts fell and initial claims for jobless insurance climbed, while sales at U.S. retailers unexpectedly increased. By the afternoon, the rally in the market caused a re-price for the better improving rate by a quarter point. Today, data will show U.S. consumer confidence rose and leading indicators improved.

What’s Up on Wall Street?

The Dow Jones Industrial Average increased 66.20 points (0.43%) while the Nasdaq jumped 19.62 points (0.57%). Also, the S&P 500 rose 10.03 points (0.61%).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.625% (3.797% APR)
• 15-Year Fixed: 2.625% (3.018% APR)
• 7-Year ARM: 2.50% (2.965% 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

Stocks Headed for Fourth Week of Gains

MarketWatch

Banks Lift Europe Markets, Eye Weekly Gains

Reuters

May Consumer Sentiment Rises to Highest in Nearly Six Years

The post U.S. Consumer Confidence Rises – Market Update appeared first on .

Mortgage rates continue to edge higher as demand for safer assets wanes. Economists predict separate reports will show U.S. housing starts fell in April.

What’s Up on Wall Street?

The Dow Jones Industrial Average decreased 9.67 points (-0.06%) while the Nasdaq jumped 7.52 points (0.22%). Also, the S&P 500 fell 0.66 points (-0.04%).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.625% (3.797% APR)
• 15-Year Fixed: 2.625% (3.018% APR)
• 7-Year ARM: 2.50% (2.975% 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.

HousingWire

Housing Outlook Brightens as April Permits Grow

The MReport

Closing Rates Fall in April as Purchase Loans Gain Greater Share

Bloomberg

U.S. Stocks Little Changed on Jobless Claims, Home Data

The post Demand for Safer Assets Wanes – Market Update appeared first on .

Yesterday was an ugly day for the bond market. The media focused on stocks, specifically equities, for the volatility in the bond market. However, that doesn’t explain the sell-off we saw yesterday. EU states played a factor; Italy issued new bonds and Spain struck a sovereign debt deal.

What’s Up on Wall Street?

The Dow Jones Industrial Average increased 25.11 points (0.17%) while the Nasdaq jumped 9.01 points (0.26%). Also, the S&P 500 rose 3.78 points (0.23%).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.625% (3.818% APR)
• 15-Year Fixed: 2.625% (3.037% 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.

CNNMoney

Stocks: The Bull Looks Tired

Bloomberg

Industrial Production in U.S. Falls by Most in Eight Months

Reuters

Producer Prices Post Big Drop, Factory Activity Weak

The post Italy Issues New Bonds, Spain Stikes Debt Deal – Market Update appeared first on .

Yesterday the Retail Sales Report was a small contributor to a sell-off we saw in the early afternoon. Analysts claim the downward direction in the market is still caused by the Employment Situation Report on May 3, which was a turning point for the bond market.

What’s Up on Wall Street?

The Dow Jones Industrial Average increased 68.85 points (0.46%) while the Nasdaq jumped 22.21 points (0.65%). Also, the S&P 500 rose 12.15 points (0.72%).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.625% (3.797% APR)
• 15-Year Fixed: 2.625% (3.00% APR)
• 7-Year ARM: 2.50% (2.975% 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.

The MReport

Report: First-Quarter Originations Come to $505 Billion

MarketWatch

U.S. Stocks Rise, with Consumer Shares Leading

HousingWire

Housing Recovery No Longer Constricted as Confidence Booms

The post Retail Sales Report Contributes to Sell-Off – Market Update appeared first on .

10-year Treasuries reached their highest level in almost seven weeks after a sharp sell-off in the market late Friday. The change in the market was caused by speculation the central bank’s efforts to spur economic growth has been successful, curbing demand for the safest assets.

What’s Up on Wall Street?

The Dow Jones Industrial Average decreased 31.03 points (-0.21%) while the Nasdaq fell 0.79 points (-0.02%). Also, the S&P 500 dropped 1.98 points (-0.12%).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.625% (3.818% APR)
• 15-Year Fixed: 2.625% (3.018% 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.

Reuters

Retail Sales Edge Up, Show some Strength in Economy

Bloomberg

U.S. Stocks Decline after Record Highs Amid Retail Sales

MarketWatch

Dollar Builds Gains vs. Yen, Aussie

The post 10-Year Treasuries Reach Seven-Week High – Market Update appeared first on .

The market had its most volatile day of the week yesterday, ending with a sell off. The stronger-than-expected Jobless Claims data spurred a slight increase in rates in the morning.

What’s Up on Wall Street?

The Dow Jones Industrial Average decreased 8.54 points (-0.06%) while the Nasdaq increased 11.00 points (0.32%). Also, the S&P 500 jumped 0.79 points (0.05%).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.50% (3.702% APR)
• 15-Year Fixed: 2.50% (2.911% APR)
• 7-Year ARM: 2.50% (2.955% 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

Stocks Rebound as Japan Takes Center Stage

The MReport

NAR: National Median Price Posts Greatest Increase since 2005

MarketWatch

BNP Paribas Sees Gold Above $1,600 in Six Months

The post Jobless Claims Data Stronger Than Expected – Market Update appeared first on .

The weekly Jobless Claims report is forecasted to show initial claims climbed from a five-year low last week. 30-year bonds rose amid speculation rates near 3% and falling inflation expectations will attract investors for the 30-year auction this afternoon.

What’s Up on Wall Street?

The Dow Jones Industrial Average decreased 15.25 points (-0.10%) while the Nasdaq fell 2.12 points (-0.06%). Also, the S&P 500 dropped 3.66 points (-0.22%).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.50% (3.702% APR)
• 15-Year Fixed: 2.50% (2.911% APR)
• 7-Year ARM: 2.50% (2.955% 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.

HousingWire

Fannie Mae Profit Soars, Posts Largest Pre-Tax Quarterly Income To-Date

MarketWatch

Jobless Claims Hit Lowest Level since 2008

Bloomberg

U.S. Stocks Decline after S&P 500 Climbs to Record High

The post 30-Year Bonds Rise – Market Update appeared first on .

The market didn’t move one way or another yesterday and much of the same is expected today. There is no major economic news scheduled for today. Tomorrow we have the weekly Jobless Report, which could be the biggest news of the week.

What’s Up on Wall Street?

The Dow Jones Industrial Average increased 1.52 points (0.01%) while the Nasdaq jumped 11.17 points (0.33%). Also, the S&P 500 went up 2.96 points (0.18%).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.50% (3.692% APR)
• 15-Year Fixed: 2.50% (2.911% APR)
• 7-Year ARM: 2.50% (2.965% 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.

Reuters

Freddie Mac Posts Second-Biggest Profit in History

The MReport

Mortgage Rates Continue to Attract HARP Activity in February

CNNMoney

Stocks Retreat from Record

The post Market Movement Slows – Market Update appeared first on .

Prices floundered a bit yesterday during a mid-afternoon sell off, however we found ourselves back to morning levels at the closing bell. There appears to be a slow migration toward stocks lately. This could be driven by strong employment numbers, causing speculators to favor the volatility and potential gains of the stock market.

What’s Up on Wall Street?

The Dow Jones Industrial Average increased 32.98 points (0.22%) while the Nasdaq jumped 6.82 points (0.20%). Also, the S&P 500 went up 4.92 points (0.30%).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.50% (3.712% APR)
• 15-Year Fixed: 2.50% (2.911% APR)
• 7-Year ARM: 2.50% (2.975% 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.

Bloomberg

Stocks Climb on Earnings While Euro Gains, Aussie Weakens

CNNMoney

Stocks: Another Record for the S&P 500

MarketWatch

U.S. Home Prices Climb 1.9% in March: CoreLogic

The post Recent Trends Show Slow Migration Toward Stocks – Market Update appeared first on .

Friday closed with a major sell-off caused by better-than-expected employment numbers. So what does that mean for the week ahead? This week is exceptionally quiet in regards to economic news.

What’s Up on Wall Street?

The Dow Jones Industrial Average lost 7.61 points (-0.05%) while the Nasdaq went up 11.86 points (+0.35%). The S&P 500 increased 2.37 points (+0.15%).

Current Mortgage Rates
Here are some of today’s mortgage rates:

• 30-Year Fixed Mortgage: 3.50% (3.702% APR)
• 15-Year Fixed Mortgage: 2.50% (2.911% APR)
• 7-Year ARM: 2.50% (2.975% 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
Stocks: Will momentum stick?

The MReport
FHFA: Government guarantee critical to GSE multifamily business

Reuters
Dollar firms, stock rally pauses after U.S. data

The post Quiet Week for Economic News – Market Update appeared first on .