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:
- 30-Year Fixed Mortgage: 3.50% (3.733% APR)
- 15-Year Fixed Mortgage: 2.875% (3.234% APR)
- 7-Year ARM: 2.75% (3.299% 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.
The New York Times
Housing offers hope of strength in the economy