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%).
Current Rates
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)
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 loan 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.
MarketWatch
Housing Starts Highest in More Than Four Years
HousingWire
Uneven Housing Forecast for Next Year
Bloomberg
U.S. Stocks Fall as HP Slump Overshadows Housing Starts
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