Investors may be looking for a safe haven in the bond market today. The Cypriot parliament begins to evaluate different bailout proposals this morning after their Financial Minister returned from Moscow, failing to get financial support from Russia. The European Central Bank reaffirmed yesterday they will supply emergency funds if necessary for the small nation.
What’s Up on Wall Street?
The Dow Jones Industrial Average increased 81.57 points (0.57) while the Nasdaq also went up 14.84 points (0.46). Also, the S&P 500 rose 9.30 points (0.60).
Current Rates
Here are some of today’s rates:
- 30-Year Fixed: 3.625% (3.797% APR)
- 15-Year Fixed: 2.75% (3.145% 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.
Bloomberg
U.S. Stocks Rise on Earnings Amid Cyprus Bailout Debate
Reuters
BP to Return $8 Billion to Shareholders from TNK-BP Sale
MarketWatch
Euro Gains Ground as Cyprus Scrambles for Help
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