The prediction from economists is that the 10-year Treasury yield will be at 2.14% by the end of this year. The market isn’t moving much this morning, however on Friday, we saw a bit of a rally following the release of the jobs report, which showed an unemployment rate higher than expected.
What’s up on Wall Street?
The Dow Jones Industrial Average lost 60.98 points (-.045%) while the Nasdaq also went down 11.89 points (-0.38%). Likewise, S&P 500 decreased 6.11 points (-0.42%).
Current Mortgage Rates
Here are some of today’s mortgage rates:
- 30-Year Fixed Mortgage: 3.50% (3.692% APR)
- 15-Year Fixed Mortgage: 2.75% (3.108% APR)
- 7-Year ARM: 2.625% (3.111% APR)
The Wall Street Journal
Battle lines drawn on budget