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:
- 30-Year Fixed: 3.50% (3.681% APR)
- 15-Year Fixed: 2.75% (3.126% APR)
- 7-Year ARM: 2.625% (3.091% 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.
Bloomberg
U.S. Stocks Little Changed as Budget Negotiations Resume
CNNMoney
Investors Yank $150 Billion From Stocks for Third Year
HousingWire
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