Yesterday we saw uncertainty around Italian elections, which led to a major sell-off in the stock market, and Dow posting its worst day of the calendar year.
What’s Up on Wall Street?
The Dow Jones Industrial Average gained 54.87 points (+0.40%) while the Nasdaq also went up 0.02 points (0.00%). The S&P 500 increased 1.29 points (+0.09%).
Current Mortgage Rates
Here are some of today’s mortgage rates:
- 30-Year Fixed Mortgage: 3.50% (3.712% APR)
- 15-Year Fixed Mortgage: 2.75% (3.145% APR)
- 7-Year ARM: 2.50% (2.965% 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.
Reuters
New homes sales jump to 4-1/2-year high in January
The New York Times
Fed chairman defends stimulus efforts
CNNMoney
Bernanke: Spending cuts add ‘significant’ burden to recovery
The post Uncertainty Around Italian Election Impacts U.S. Stocks – Market Update appeared first on Quicken Loans Blog.