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U.S. Economy Continues to Improve – Market Update

by Anthony Fontana on February 6, 2013 in Market Update

The U.S. economy continues to improve despite increased unemployment rates in January. Indicators suggest labor markets and housing markets will continue to grow steadily.

What’s Up on Wall Street?

The Dow Jones Industrial Average decreased 13.71 points (-0.10%) while the Nasdaq fell 0.27 points (-0.01%). Also, the S&P 500 dropped 0.37 points (-0.02%).

Current Rates

Here are some of today’s rates:

30-Year Fixed: 3.50% (3.723% APR)
15-Year Fixed: 2.75% (3.163% APR)
7-Year ARM: 2.625% (3.043% 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.

CNNMoney

RBS Fined for Libor Rigging, More to Come

HousingWire

Mortgage Bond Investors Told to Prepare for Sustained Refinancings

Bloomberg

U.S. Stocks Decline Before ECB Meeting Amid Earnings