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:
- 30-Year Fixed: 3.50% (3.744% APR)
- 15-Year Fixed: 2.875% (3.309% APR)
- 7-Year ARM: 2.75% (3.199% 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 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
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