Mortgage rates hit their highest point in more than 2 years yesterday. The market continues to take a defensive stance against the possibility of the Fed reducing asset purchases. Today is a slow economic news day with the Chicago Fed Index out at 8:30 a.m. and the Redbook out at 8:55 a.m. Most investors are waiting for the FOMC minutes to be released tomorrow.
What’s Up on Wall Street?
The Dow Jones Industrial Average gained 16.43 points (+0.12%) while the Nasdaq also went up 11.88 points (+0.33%). The S&P 500 increased 3.78 points (+0.22%).
Current Mortgage Rates
Here are some of today’s mortgage rates:
- 30-Year Fixed: 4.50% (4.77% APR)
- 15-Year Fixed: 3.50% (3.903% APR)
- 5-Year ARM: 2.99% (3.141% 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
Stocks Try for Gains After Four Down Days
The MReport
Fixed-Rate Loans Overwhelming Popular With Refinancers
Reuters
Wall Street Opens Higher on Retailers Results
The post FOMC Minutes to Be Released Tomorrow – Market Update appeared first on the ZING Blog by Quicken Loans.