Mortgage rates increased slightly yesterday as hesitant investors wait for news regarding the government shutdown. Trading volumes are 75% of the 30-day moving average showing the direct impact the political uncertainty has on the MBS market. Mortgage applications remain flat week over week while home purchases dipped. The Debt Ceiling deadline is now just hours away while we all sit and watch the showdown unfold.
What’s Up on Wall Street?
The Dow Jones Industrial Average increased 87.79 points (0.57%) while the Nasdaq jumped 22.47 points (0.59%). Also, the S&P 500 rose 9.81 points (0.58%).
Here are some of today’s rates:
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.