Last week the Bond Market took a hit as the jobless rate was reported at 7.7 percent, a four-year low. Bernanke reiterated last week that the Fed will continue to buy bonds until there is sustained, substantial improvement in the labor market.
What’s Up on Wall Street?
The Dow Jones Industrial Average decreased 5.34 points (-0.04) while the Nasdaq also fell 7.73 points (-0.24). Also, the S&P 500 dropped 2.21 points (-0.14).
Current Rates
Here are some of today’s rates:
- 30-Year Fixed: 3.625% (3.85% APR)
- 15-Year Fixed: 2.875% (3.234% APR)
- 7-Year ARM: 2.50% (2.985% 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.
CNNMoney
Reuters
Banks Saved, but Europe Risks “Losing a Generation”
Bloomberg
Americans Deal with Payroll-Tax Boost to Keep Spending Money
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