On the heels of the FOMC announcements, we saw the market decline late in the day as stocks rallied. Today the focus should return to Cyprus and their apparent deadlock over the controversial bailout plan. Bonds might be supported with concern the European debt crisis might worsen if this is not resolved soon.
What’s Up on Wall Street?
The Dow Jones Industrial Average decreased 72.38 points (-0.50) while the Nasdaq dropped 23.51 points (-0.72). Also, the S&P 500 fell 8.19 points (-0.53).
Current Rates
Here are some of today’s rates:
- 30-Year Fixed: 3.625% (3.808% APR)
- 15-Year Fixed: 2.75% (3.163% APR)
- 7-Year ARM: 2.50% (2.965% APR)
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.
Reuters
Existing Home Sales Touch Three-Year High
Washington Post
Cyprus Bailout Deadline Set for Monday
HousingWire
Jobless Claims Edge Up by 2,000 Filings
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