Yesterday’s strong housing data, improved industrial production, and heavy mortgage origination volume sent MBS prices tumbling down. Treasuries are improving this morning as the initial Jobless Claims report came in at 388,000, 49,000 higher than last week.
What’s up on Wall Street?
The Dow Jones Industrial Average increased 6.04 points (0.04%) while the Nasdaq dropped 7.63 points (-0.25%). Also, the S&P 500 fell 2.02 points (-1.39%).
Current Rates
Here are some of today’s rates:
- 30-Year Fixed: 3.50% (3.744% APR)
- 15-Year Fixed: 2.875% (3.309% APR)
- 7-Year ARM: 2.75% (3.189% 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 loans 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.
Reuters
Jobless Claims Jump, Government Flags Seasonal Factors
National Mortgage News
Securing the American Dream and the Future of Housing Policy
Bloomberg
Index of U.S. Leading Indicators Rose 0.6% in September
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