Last week we saw stock prices tumble, which has increased demand for bonds and mortgage-backed securities. The Wall Street Journal reported that US companies are scaling back investment plans at the fastest pace since the recession.
What’s up on Wall Street?
The Dow Jones Industrial Average gained 147.09 points (+1.17%) while the Nasdaq also went up 43.53 points (+1.53%). Likewise, S&P 500 increased 20.41 points (+1.50%).
Current Rates
Here are some of today’s mortgage rates:
- 30-Year Fixed Mortgage: 3.375% (3.618% APR)
- 15-Year Fixed Mortgage: 2.625% (3.112% APR)
- 7-Year ARM: 2.50% (3.083% 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.
CNN Money
Debt ceiling may collide with fiscal cliff
Reuters
Global shares, commodities rally on U.S. fiscal hopes
The MReport
Drop in FHA Insurance Fund Sparks Talk of Treasury Draw
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