Fiscal Cliff Talks Continue – Market Update

Quicken Loans Market Update - Quicken Loans Zing Blog 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%).

Current 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.

CNN Money
Stocks Inch Higher on Fiscal Cliff Optimism

Reuters
U.S. Current Account Deficit Smallest in Nearly Two Years

The Wall Street Journal
With New Offers, Fiscal Cliff Talks Narrow

 

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