After MBS prices lost over half a point in price yesterday, it lost another .25 to .375 points this morning. The jobs report was also released this morning and the Unemployment Rate is being reported at 7.8%.
What’s Up on Wall Street?
The Dow Jones Industrial Average increased 3.63 points (0.03%) while the Nasdaq fell 6.18 points (-0.20%). Also, the S&P 500 rose 2.14 points (0.15%).
Current Rates
Here are some of today’s rates:
- 30-Year Fixed: 3.50% (3.712% APR)
- 15-Year Fixed: 2.75% (3.126% APR)
- 7-Year ARM: 2.625% (3.111% 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
December Jobs Report: Hiring and Unemployment Steady
Bloomberg
U.S. Stocks Advance as Data Show Employment Growth
HousingWire
Commercial Mortgage-Backed Securities Market at Crossroads
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