Mortgage-backed security (MBS) prices are trending up this morning before the Fed kicks off a two-day policy meeting, and before Friday’s release of the GDP.
What’s Up on Wall Street?
The Dow Jones Industrial Average dropped 212.43 points (-1.59%) while the Nasdaq decreased 31.88 points (-1.06%). Also, the S&P 500 fell 20.28 points (-1.41%).
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% (3.161% 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.
HousingWire
Home Prices Rise in 3Q, but Zillow Forecasts Saw-toothed Recovery
The New York Times
A Tight Rope on China’s Currency
Reuters
Wall Street Drops as Earnings, Spain’s Debt Spark Fears
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