A couple of reports early this morning showed that factory output in Spain declined more than analysts expected and inflation is accelerating in China. This is leading to a very slight rally in U.S. Treasuries and Mortgage Backed Security prices. We cap off a quiet week of economic releases today with the trade balance report, where expectations are that the trade deficit narrowed in November.
What’s up on Wall Street?
The Dow Jones Industrial Average decreased 2.64 points (-0.02%) while the Nasdaq also went down 4.08 points (-0.13%). Likewise, S&P 500 decreased 2.59 points (-0.18%).
Current Mortgage Rates
Here are some of today’s mortgage rates:
- 30-Year Fixed Mortgage: 3.50% (3.702% APR)
- 15-Year Fixed Mortgage: 2.75% (3.126% APR)
- 7-Year ARM: 2.625% (3.101% 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.
Reuters
Consumer watchdog strikes balance with mortgage rules
CNNMoney
Stocks stall as earnings season rolls on
New York Times
Errors Mount at High-Speed Exchanges in New Year
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