European Banks Pay Back Loans – Market Update

Quicken Loans Market Update - Quicken Loans Zing Blog The markets got a dose of good news overnight. Banks in Europe decided to pay back a large amount of the money they borrowed. This is lowering demand for “safe” assets like Treasuries and mortgage bonds.

What’s Up on Wall Street?
The Dow Jones Industrial Average gained 40.80 points (+0.30%) while the Nasdaq also went up 17.55 points (+0.56%). The S&P 500 increased 5.45 points (+0.36%).

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.

The New York Times
Housing offers hope of strength in the economy

The MReport
Fannie Mae: Slow pace of recover “The New Normal”

Reuters
S&P 500 eyes best winning streak in eight years

 

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