As Democrats and Republicans continue to negotiate in an effort to avoid the fiscal cliff, President Obama lowered his tax revenue demand to $200 billion, and offered to raise the income tax increase cutoff to $400,000 a year, as opposed to $250,000. As progress continues, US Treasuries and bond prices are taking a bit of a hit.
What’s up on Wall Street?
The Dow Jones Industrial Average gained 8.81 points (+0.07%), while the Nasdaq also went up 12.75 points (+0.42%). Likewise, S&P 500 increased 2.81 points (+0.20%).
Here are some of today’s mortgage rates:
- 30-Year Fixed Mortgage: 3.375% (3.596% APR)
- 15-Year Fixed Mortgage: 2.75% (3.089% APR)
- 7-Year ARM: 2.625% (3.101% 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 Wall Street Journal
With New Offers, Fiscal Cliff Talks Narrow