U.S. Home Resales Fell 1.7% in September – Market Update

U.S. Home Resales Fell 1.7% in September - Market Update Mortgage-backed securities sold off more yesterday following strong Philadelphia Fed and Leading Indicators reports. This morning we learned that U.S. home resales fell 1.7% in September according to the Existing Home Sales report.

What’s up on Wall Street?

The Dow Jones Industrial Average dropped 70.44 points (-0.52%) while the Nasdaq fell 17.11 points (-0.56%). Also, the S&P 500 decreased 5.78 points (-0.40%).

Current Rates

Here are some of today’s 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 loans 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.

MarketWatch

U.S. Stocks Start Lower as Earnings Disappoint

HousingWire

Basel Requirements Could Shift Mortgage Servicing Rights

CNNMoney

The Other Unemployment Rate

 

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