Payroll Additions Expected to be Half as Much as Last Month – Market Update

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Payroll additions are expected to be about half as much as last month. Most, if not all, of the blame will fall on the shoulders of Hurricane Sandy, meaning any real (non-Sandy related) decrease in payrolls will be hidden by the storm’s effect.

What’s Up on Wall Street?

The Dow Jones Industrial Average increased 15.28 points (0.12%) while the Nasdaq dropped -1.79 points (-0.06%). Also, the S&P 500 increased 4.18 points (0.30%).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.375% (3.596% APR)
• 15-Year Fixed: 2.75% (3.163% APR)
• 7-Year ARM: 2.625% (3.111% 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.

CNNMoney

Stocks: Still Stuck in Fiscal Cliff Rut

Bloomberg

America Supplants China in Rank of Biggest Firms

HousingWire

Foreclosures Drop 17 Percent in October: CoreLogic