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Treasuries declined before economic reports showed U.S. service industries expanded in January. Ten-year yields climbed as euro-area data showed services and manufacturing output shrank less than expected. U.S. non-manufacturing index was 55 in January, slightly down from 55.7 in December, indicating economic expansion occurred.

What’s Up on Wall Street?

The Dow Jones Industrial Average increased 104.74 points (0.75%) while the Nasdaq increased 22.97 points (0.73%). Also, the S&P 500 rose 12.08 points (0.81%).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.625% (3.808% APR)
• 15-Year Fixed: 2.875% (3.234% APR)
• 7-Year ARM: 2.625% (3.053% 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 Rise after Rout

Bloomberg

McGraw-Hill, S&P Sued by U.S. Over Mortgage-Bond Ratings

Washington Post

Dell Sells $24.4 Billion Deal with Founder, Investment Firm to go Private