Mortgage-backed securities moved down yesterday, despite the heavy selling of equities. Real money accounts were selling MBS throughout the day, with the only steady buying coming from the Fed.
What’s up on Wall Street?
The Dow Jones Industrial Average dropped 34.01 points (-0.25%) while the Nasdaq went up 1.34 points (+0.04%). Also, S&P 500 decreased 1.45 points (-0.10%).
Current Rates
Here are some of today’s rates:
- 30-Year Fixed: 3.50% (3.713% APR)
- 15-Year Fixed: 2.75% (3.239% APR)
- 7-Year ARM: 2.625% (3.219% 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.
The MReport.com
Risk Managers Share Positive Outlook for Mortgage, Equity Loans
The Wall Street Journal
Stocks Start Flat
The New York Times
Fiscal Cliff May Be Felt Gradually, Analysts Say
WE WANT YOUR FEEDBACK
No comments yet.