Treasuries and Bonds are opening up in the green this morning, with MBS prices set to be a little bit better when we set pricing this morning, as compared to yesterday. There are a few important releases to keep an eye on, including Personal Income and Spending along with Durable Goods Orders.
What’s Up on Wall Street?
The Dow Jones Industrial Average decreased 97.28 points (-0.73%) while the Nasdaq fell 31.08 points (-1.02%). Also, the S&P 500 dropped 11.55 points (-0.80%).
Current Rates
Here are some of today’s rates:
- 30-Year Fixed: 3.375% (3.586% APR)
- 15-Year Fixed: 2.625% (3.037% 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.
Washington Post
Boehner Abandons Plan to Avoid ‘Fiscal Cliff’
HousingWire
Housing Market Builds Stronger Foundation, but Cracks Remain
CNNMoney
Stocks Fall More Than 1% on Fiscal Cliff Fears
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