Two-Day Federal Reserve Meeting Kicks Off Today – Market Update

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The market is fairly flat this morning ahead of the consumer confidence report and the five-year auction. The consumer confidence report is expected to show another decline for a third month in a row. Also, today kicks off the two-day Federal Reserve meeting.

What’s Up on Wall Street?

The Dow Jones Industrial Average increased 36.74 points (0.26%) while the Nasdaq decreased 12.81 points (-0.41%). Also, the S&P 500 rose 1.60 points (0.11%).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.625% (3.808% APR)
• 15-Year Fixed: 2.875% (3.253% APR)
• 7-Year ARM: 2.625% (3.053% 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.

HousingWire

Home Prices Shot Up in 2012: S&P/Case-Shiller

Bloomberg

U.S. Stocks Little Changed as Consumer Confidence Slips

Washington Post

Housing Emerges as Economic Bright Spot after Years in the Dark