The market corrected itself a little bit yesterday, with prices improving in the morning and then holding relatively constant the rest of the day. With Fed minutes being released later this afternoon, market participants will be watching the wires very closely. If suspicions of tapering bond purchases in September are true, the market could enter a bit of a frenzy this afternoon.
What’s Up on Wall Street?
At the time this was published, the Dow Jones Industrial Average lost 47.22 points (-0.32%), along with Nasdaq losing 1.68 points (0.05%) and the S&P 500 losing 4.40 points (-0.27%).
Current Mortgage Rates
Here’s what mortgage rates are looking like today:
- 30-Year Fixed: 4.50% (4.77% APR)
- 15-Year Fixed: 3.50% (3.884% APR)
- 5-Year ARM: 2.875% (3.11% APR)
Here are some of today’s big financial stories. If you hear of anything we missed, please comment below with a link.