Mortgage-backed securities are up today following news that the Fed will continue to invest money into mortgages. Mortgage applications are also up 4.1 percent from last week.
What’s Up on Wall Street?
Yesterday markets worldwide experienced a triple bogey as every market in Europe, Asia, and the U.S. closed in the red. The Dow Jones Industrial Average dipped 66.45 points (-0.55 percent). The Nasdaq Composite plunged 32.99 points (-1.26 percent). The S&P 500 also dropped 10.74 points (-0.87 percent).
Jonathan Slappey is a writer for Quicken Loans, a company whose clients believe it’s Engineered to Amaze. Interested in being Amazed by us? Read trusted reviews at our review site.
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