Mortgage rates dropped for a 3rd week in a row! Whoo hoo! For more information on today’s market, continue reading…
Stocks drop again this week – Markets were closed Friday in observance of Good Friday. In a shortened week stocks dropped again. While stock indexes are about 10% higher than they were before the election in November, stocks have dropped to mid February levels after reaching record highs in March. The Dow Jones Industrial Average on April, 13, 2017 was 20,453.25, down from last week’s close of 20,656.10. The S&P 500 closed the month at 2,328.95, down from 2,355.54 last Friday. The NASDAQ closed the month at 5,805.15, down from last week’s close of 5,877.81.
Treasury Bond yields lower again this week – The 10-year Treasury bond ended the week at 2.23%, down from 2.38% last week. The 30-year treasury yield ended the month at 2.89%, down from 3.00% last Friday.
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