Retail Sales Numbers Better than Expected – Market Update

• Tweet

• Tweet

Treasuries fell for the second day this week as Retail Sales numbers came in better than expected. After a rough start, the strong Treasury auction helped MBS and Treasury notes bounce back to unchanged levels by the end of the day.

What’s Up on Wall Street?

The Dow Jones Industrial Average increased 60.94 points (0.42) while the Nasdaq also jumped 13.66 points (0.42). Also, the S&P 500 rose 6.45 points (0.41).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.625% (3.85% APR)
• 15-Year Fixed: 2.875% (3.234% APR)
• 7-Year ARM: 2.50% (2.985% 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.

Bloomberg

U.S. Stocks Climb on Jobless Data as S&P 500 Nears Record

Reuters

Michigan Expected to Announce Takeover of Detroit Finances

CNNMoney

The Dow Delivered its Ninth Consecutive Day of Gains Wednesday