In today’s episode of As the Debt Crisis Turns, Italy’s Prime Minister Mario Monti said that he intends to resign. This has obviously led to more uncertainty in the market, and a rally in the safest asset. Mortgage-backed security prices are up slightly this morning as well.
What’s up on Wall Street?
The Dow Jones Industrial Average gained 19.63 points (+0.15%) while the Nasdaq also went up 9.91 points (+0.33%). Likewise, S&P 500 increased 0.52 points (+0.04%).
Current Mortgage Rates:
Here are some of today’s mortgage rates:
- 30-Year Fixed Mortgage Rates: 3.25% (3.48% APR)
- 15-Year Fixed Mortgage Rates: 2.625% (3.018% APR)
- 7-Year ARM: 2.50% (3.043% 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.
Federal Reserve may buy more bonds
The Wall Street Journal
Consumer Spending Wobbles
If so, subscribe now for tips on home, money, and life delivered straight to your inbox.