New Home Sales Increased in January – Market Update

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Treasuries snapped a three-day gain before the U.S. government sells $99 billion of notes this week, which starts with $35 billion two-year securities today. Demand for treasuries was dampened as economists report new home sales increased in January and consumer confidence improved as well.

What’s Up on Wall Street?

The Dow Jones Industrial Average decreased 10.52 points (-0.08) while the Nasdaq increased 4.61 points (0.15). Also, the S&P 500 fell 0.65 points (-0.04).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.625% (3.818% APR)
• 15-Year Fixed: 2.875% (3.216% APR)
• 7-Year ARM: 2.50% (2.985% 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.

HousingWire

LPS: December Home Prices Rose 5.8% Annually

MarketWatch

U.S. Stocks Wobble as Italians Vote

Washington Post

Billions of Dollars at Stake for BP, Other Companies as Trial Opens for Gulf Oil Spill