Wednesday, April 7, 2010 as of 11:14 AM ET
Silicon Valley is experiencing a bit of an economic boom thanks to Facebook’s $104 billion IPO creating new millionaires.
Reuters
Facebook's shares met with mixed reviews in their long-awaited debut, closing for the day up just 23 cents or less than 1%. Analysts cited the massive scale of the deal for the lack of 'pop.' Volume broke records.
Wall Street was pounded on the week, with economically-sensitive sectors leading the losses, as traders fretted about the escalating debt crisis in Europe.
European officials are developing contingency plans in case Greece ends up getting having to leave the eurozone currency bloc.
JPMorgan Chase, under scrutiny for its ties to collapsed commodities firm MF Global, will return $168 million to the estate of MF's broker-dealer.
Monday, starting at 6p ET: Are his attacks on the profitable companies paying off? Neil is on it! Plus, it’s a must-see Lou Dobbs Tonight!
Liz Claman goes inside the media industry’s biggest breakthroughs!
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| Loan Type | Graph | Rate | +/- | Last Week |
|---|---|---|---|---|
| 30 Y Fixed |  |
3.80% |  |
3.76% |
| 15 Y Fixed | |
3.11% | |
3.02% |
| 30 Y Fixed Jumbo | |
4.38% |  |
4.39% |
| 5/1 ARM | |
2.69% | |
2.68% |
| 5/1 Jumbo ARM | |
2.94% | |
2.89% |
| Loan Type | Graph | Rate | +/- | Last Week |
|---|---|---|---|---|
| $30K HELOC | |
4.60% | |
4.59% |
| $50K HELOC | |
4.24% | -- | 4.24% |
| $30K Loan | |
5.77% | |
5.76% |
| $50K Loan | |
5.50% | |
5.47% |
| $75K Loan | |
5.47% | |
5.44% |
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