Investors Await Fed Chairman Ben Bernanke’s Speech This Afternoon – Market Update

Quicken Loans Market Update Federal Reserve Chairman Ben Bernanke will make his annual address in Jackson Hole (WY) this afternoon. Investors will be patiently waiting for any hints that reveal a third round of quantitive easing, QE3.

What’s Up On Wall Street?

All of the U.S. indexes closed in the red yesterday as European Central Bank President Mario Draghi stated exceptional measures may be justified to help stabilize the markets. The Dow Jones Industrial Average plunged 107 points (-0.81 %) while the Nasdaq Composite dropped 32.48 points (-1.05 %). Also, the S&P 500 slipped 11.01 points (-0.78 %).

Current Mortgage Rates

Here are today’s rates for the 30-year fixed and the 15-year fixed:

30-Year Fixed 3.625% (3.861% APR) 15-Year Fixed 2.875% (3.347% APR)

Visit our mortgage rates page to view more of today’s rates.

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

Clint Eastwood claims there are 23 million unemployed, but actual count is 12.8 million

 

Bloomberg

Export slump stalls Canada growth rate at 1.8% in 2nd quarter

 

CNN Money

Stocks: All eyes on Bernanke

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