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It’s earnings time, and mortgage income is helping the big banks out like Wells, Chase, Morgan Stanley and even Bank of America. GE released earnings yesterday that beat estimates.

What’s Up on Wall Street?
The Dow Jones Industrial Average lost 6.29 points (-0.05%) while the Nasdaq also went down 9.40 points (-0.30%). Likewise, S&P 500 decreased 2.68 points (-0.18%).

Current Mortgage Rates
Here are some of today’s mortgage rates:

• 30-Year Fixed Mortgage: 3.50% (3.723% APR)
• 15-Year Fixed Mortgage: 2.75% (3.163% APR)
• 7-Year ARM: 2.625% (3.111% 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.

The MReport
Housing starts to soar in December

Reuters
Consumer sentiment hits year low in January

The New York Times
Lifting the veil on the Fed’s 2007 discussion