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