Debt Ceiling Debate Continues – Market Update

Quicken Loans Market Update - Quicken Loans Zing Blog The U.S. Government could not win yesterday in the eyes of the market. If they don’t raise the debt ceiling, the government will default on their debt. If they put some policies in place with the increased debt ceiling, the markets worry that it will slow down growth.

What’s Up on Wall Street?
The Dow Jones Industrial Average gained 50.24 points (+0.37%) while the Nasdaq also went up 8.61 points (-+0.27%). The S&P 500 decreased 1.15 points (-0.08%).

Current Mortgage 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.

CNNMoney
How House Republicans would defuse debt ceiling

Reuters
Manufacturers say demand up after cliff standoff

The New York Times
Home values rise quickly but unevenly

 

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