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:
- 30-Year Fixed: 3.625% (3.818% APR)
- 15-Year Fixed: 2.875% (3.271% APR)
- 7-Year ARM: 2.625% (3.053% 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
New York Times
Deutsche Bank Posts Surprise $3 Billion Loss
HousingWire
LPS: 8.6 Million Loans Originated in 2012
CNNMoney
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