Stocks are set to rally this morning and Treasuries are selling off on news that a fiscal cliff deal was reached last night. This has led to speculation in the market that economic expansion will continue.

What’s Up on Wall Street?

The Dow Jones Industrial Average increased 259.14 points (1.98%) while the Nasdaq went up 75.06 points (2.49%). Also, the S&P 500 rose 28.96 points (2.03%).

Current Rates

Here are some of today’s rates:

• 30-Year Fixed: 3.50% (3.692% APR)
• 15-Year Fixed: 2.75% (3.126% 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.

CNNMoney

Fiscal Cliff Deal Stops Many Tax Hikes, but Leaves Big Issues Pending

Bloomberg

U.S. Stocks Rally as Lawmakers Pass Budget Agreement

HousingWire

Mortgage Industry Fares Well in Fiscal Cliff Deal, Debt Forgiveness Law Survives