Whoever is chosen to be the next President of the United States of America today, their victory may be short lived. The “fiscal cliff” is growing near and some tough choices regarding spending and the deficit will need to be made. Markets could swing throughout the day, as poll results begin to trickle in.
What’s Up on Wall Street?
The Dow Jones Industrial Average increased 64.96 points (0.50%) while the Nasdaq rose 4.42 points (0.15%). Also, the S&P 500 went up 5.08 points (0.36%).
Current Rates
Here are some of today’s rates:
- 30-Year Fixed: 3.375% (3.638% APR)
- 15-Year Fixed: 2.75% (3.239% APR)
- 7-Year ARM: 2.625% (3.141% 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.
The Washington Post
Government Crackdown on Money Laundering to Cost Banks Billions
Reuters
Analysis: Washington, Wall Street Misreading Each Other Again as Cliff Nears
MarketWatch
Europe Stocks Rise With All Eyes on U.S. Election
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