The bond market opened down this morning and then dipped even further following better than anticipated economics releases, which indicated that both the housing and labor markets are improving. The housing starts report showed that builders broke ground on more houses than forecasted last month and we are now at a four-year high here. U.S. claims for unemployment also fell more than expected to 5-year lows.
What’s up on Wall Street?
The Dow Jones Industrial Average gained 54.76 points (+0.41%) while the Nasdaq also went up 14.30 points (+0.46%). Likewise, S&P 500 increased 5.40 points (+0.37%).
Current Mortgage Rates
Here are some of today’s mortgage rates:
- 30-Year Fixed Mortgage: 3.50% (3.702% APR)
- 15-Year Fixed Mortgage: 2.75% (3.145% APR)
- 7-Year ARM: 2.625% (3.101% APR)
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.
Jobless claims drop to a 5-year low
The New York Times
Economic data lifts stocks