Continued Progress in Fiscal Cliff Avoidance Talks – Market Update

Quicken Loans Market Update - Quicken Loans Zing Blog Treasuries and MBS prices sold off yesterday as continued progress in fiscal cliff avoidance talks led to optimism among investors.

What’s up on Wall Street?
The Dow Jones Industrial Average lost 9.17 points (-0.07%) while the Nasdaq also went down 2.16 points (-0.07%). Likewise, S&P 500 decreased 2.68 points (-0.19%).

Current Rates
Here are some of today’s mortgage 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.

CNN Money
Treasury to sell remaining GM shares

Reuters
Wall Street steadies after two-day rally; Oracle gains

The New York Times
Markets Try to Look Past Budget Deal

 

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