Jobless Claims Higher Than Expected – Market Update

Jobless Claims Higher Than Expected - Market Update - Zing Blog Mortgage backed securities (MBS) have not benefitted from stock losses as prices remain fairly flat. Initial and continuing jobless claims came in much higher than expected. Initial claims came in at 439,000, well above the 375,000 that was predicted.

What’s Up on Wall Street?

The Dow Jones Industrial Average increased 23.52 (0.19%) while the Nasdaq rose 5.72 points (0.20%). Also, the S&P 500 increased 4.25 points (0.31%).

Current Rates

Here are some of today’s rates:

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

Deutsche Bank Sours on Corporates as Pimco Sells: Credit Markets

Reuters

Jobless Claims Surge in Wake of Superstorm Sandy

MarketWatch

Growth Woes, U.S. Weigh on Europe Stocks

 

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