It appears that consumer confidence continues to improve and it shows with a strong stock market. Reports showed decreased jobless claims, which hit the bond market early yesterday. However, an afternoon rally following the 10-year auction put us right back to where we started.
What’s Up on Wall Street?
The Dow Jones Industrial Average decreased 52.98 points (-0.36) while the Nasdaq also fell 13.28 points (-0.41). Also, the S&P 500 dropped 6.27 points (-0.40).
Current Rates
Here are some of today’s rates:
- 30-Year Fixed: 3.625% (3.818% APR)
- 15-Year Fixed: 2.75% (3.145% 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.
MarketWatch
Inflation Highest in More than Three Years
CNNMoney
Inflation Picks Up but still Hovers in the Fed’s Comfort Zone
HousingWire
U.S. Housing Inventory Rose in February
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