Mortgage-backed securities are slightly up this morning as fiscal cliff worries continue to loom. President Obama stressed the need for Democrats and Republicans to reach a deal. Friday is the big day for economic releases with the unemployment rate and payroll data.
What’s up on Wall Street?
The Dow Jones Industrial Average gained 60.20 points (+0.46%) while the Nasdaq went down 2.18 points (-0.07%). The S&P 500 increased 3.41 points (+0.24%).
Current Rates
Here are some of today’s mortgage rates:
- 30-Year Fixed Mortgage: 3.25% (3.48% APR)
- 15-Year Fixed Mortgage: 2.625% (3.037% APR)
- 7-Year ARM: 2.625% (3.091% 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.
CNN Money
Reuters
Wall Street set for flat open after Freeport-McMoRan deal
Wall Street Journal
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