Markets are open for business this morning after Hurricane Sandy ravaged the east coast, leaving 7 million people without power across seven states. The storm caused the New York Stock Exchange to close for two consecutive days due to weather for the first time since 1888.
What’s Up on Wall Street?
The Dow Jones Industrial Average increased 59.14 points (0.45%) while the Nasdaq decreased 3.96 points (-0.13%). Also, the S&P 500 rose 3.04 points (0.22%).
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% (3.131% 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 New York Times
Wall Street Reopens With a Mild Gain
CNNMoney
A New Type of 401 (k): No Fund Picking Allowed
Reuters
GM Posts Profit, Sees Break Even in Europe by Mid-Decade
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