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%).
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)
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.
Wall Street Journal