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:
- 30-Year Fixed: 3.375% (3.628% APR)
- 15-Year Fixed: 2.75% (3.22% 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 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
WE WANT YOUR FEEDBACK
No comments yet.