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Market Not Moving Much This Morning – Market Update

by Krissy Schwab on January 7, 2013 in Market Update

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)

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.