Consumer Spending Hits Eight-Year High – Market Update

QL Market Update – Quicken Loans Zing Blog Bond markets opened this morning ahead of the economic reports. The report on unemployment benefits showed that claims increased more than forecasted last week, and the market gave up some of its gains. Also, consumer spending in the U.S. climbed last month by the most it has in eight years.

What’s Up on Wall Street?

The Dow Jones Industrial Average increased 8.51 points (0.06%) while the Nasdaq increased 7.34 points (0.23%). Also, the S&P 500 dropped 1.10 points (-0.07%).

Current Rates

Here are some of today’s rates:

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

New York Times

Deutsche Bank Posts Surprise $3 Billion Loss

HousingWire

LPS: 8.6 Million Loans Originated in 2012

CNNMoney

Jobless Claims Bounce Higher

 

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