Market speculation this morning continues to center around the fiscal cliff. Treasuries are also falling this morning, and with that there is a little bit of pressure on mortgage-backed security prices.
What’s Up on Wall Street?
The Dow Jones Industrial Average decreased 50.38 points (-0.39%) while the Nasdaq dropped 5.55 points (-0.19%). Also, the S&P 500 fell 4.02 points (-0.29%).
Here are some of today’s rates:
- 30-Year Fixed: 3.375% (3.607% APR)
- 15-Year Fixed: 2.625% (3.093% APR)
- 7-Year ARM: 2.50% (3.083% 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.