Today Is the Last Day to Avoid the Fiscal Cliff – Market Update

Quicken Loans Market Update - Quicken Loans Zing Blog Bond markets are down slightly this morning on what should be a quiet New Year’s Eve trading day. Today is the last day for legislators to avoid the tax hikes and spending cuts that would go into effect at midnight if Congress is unable to reach a deal.

What’s Up on Wall Street?
The Dow Jones Industrial Average gained 18.47 points (+0.14%), while the Nasdaq also went up 24.59 points (+0.83%). Likewise, the S&P 500 increased 6.43 points (+0.46%).

Current Mortgage Rates
Here are some of today’s mortgage rates:

Visit our mortgage rates page to find out how much you could 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.

CNN Money
Fiscal cliff could put your tax refund on hold

Reuters
Hours from ‘fiscal cliff,’ still no deal in Congress

The Wall Street Journal
Congress meets cliff’s edge

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