Treasuries and mortgage-backed securities both rallied this morning following the jobless claims reports. They showed that both initial jobless claims as well as continuing claims were higher than forecasted.
What’s Up on Wall Street?
The Dow Jones Industrial Average decreased 72.92 points (-0.52%) while the Nasdaq fell 13.98 points (-0.44%). Also, the S&P 500 dropped 5.59 points (-0.37%).
Current Rates
Here are some of today’s rates:
- 30-Year Fixed: 3.50% (3.723% APR)
- 15-Year Fixed: 2.75% (3.163% APR)
- 7-Year ARM: 2.625% (3.043% 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.
MarketWatch
U.S. Jobless-Benefits Claims Edge Downward to 366,000
Washington Post
Retailers Report Strong January Sales as Shoppers Take Advantage of Clearance Sales
CNNMoney
Stocks Drift Lower at the Open
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