Ten-year securities snapped after two days of gains, despite early advances amid speculation economic growth will slow as the Federal Reserve reduces its stimulus efforts. The Commerce Department will revise its estimate of gross domestic product in the fourth quarter to 0.5% growth from a 0.1% contraction before the official report is released February 28.
What’s Up on Wall Street?
The Dow Jones Industrial Average gained 43.62 points (+0.31%) while the Nasdaq also went up 14.87 points (+0.47%). The S&P 500 increased 5.14 points (+0.34%).
Current Mortgage Rates
Here are some of today’s mortgage rates:
- 30-Year Fixed Mortgage: 3.625% (3.808% APR)
- 15-Year Fixed Mortgage: 2.875% (3.197% APR)
- 7-Year ARM: 2.50% (2.975% APR)
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.