This morning’s jobs report highlighted a fairly quiet week in economic releases. The report came in a positive fashion to what was expected. This led to a sell-off of mortgage backed securities and led to pricing being set back a bit from where we were yesterday at this time.
What’s Up on Wall Street?
The Dow Jones Industrial Average increased 53.68 points (0.41%) while the Nasdaq decreased 1.79 points (-0.06%). Also, the S&P 500 rose 2.59 points (0.18%).
Current Rates
Here are some of today’s rates:
- 30-Year Fixed: 3.25% (3.48% APR)
- 15-Year Fixed: 2.625% (3.018% APR)
- 7-Year ARM: 2.625% (3.091% 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
After Apple, Foxconn Eyes U.S. Expansion
Reuters
U.S. Multinationals Fear Fallout from U.S. – China Audit Row
Washington Post
Unemployment Rate Drops as Economy Shrugs Off Sandy
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