The U.S. economy unexpectedly contracted in the fourth quarter. This is leading to a little bit of a rally this morning in U.S. Treasuries and also MBS prices, which is off-setting most of the losses that we incurred after a mid-day reprice yesterday.
What’s Up on Wall Street?
The Dow Jones Industrial Average decreased 15.21 points (-0.11%) while the Nasdaq increased 1.49 points (0.05%). Also, the S&P 500 dropped 1.84 points (-0.12%).
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)
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.