New Home Sales Climb – Market Update

New Home Sales Climb - Market Update - Zing Blog The New Home Sales report this morning is expected to show that United States new home sales climbed at the highest annual rate since April 2010. This report and the Pending Home Sales report tomorrow are likely to show that housing is driving U.S. expansion. In fiscal cliff news, Timothy Geithner proclaimed that he will take extraordinary measures to postpone U.S. default.

What’s Up on Wall Street?

The Dow Jones Industrial Average increased 17.44 points (0.13%) while the Nasdaq went up 1.47 points (0.05%). Also, the S&P 500 rose 1.69 points (0.12%).

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 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.

Bloomberg  

U.S. Stocks Little Changed as Budget Negotiations Resume

CNNMoney  

Investors Yank $150 Billion From Stocks for Third Year  

HousingWire   

Rising Home Prices Heal Hardest-Hit Real Estate Markets

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