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New York Markets Open in:

Futures: /quotes/zigman/30356461/delayed S&P 500 +0.8% /quotes/zigman/38649152/delayed DOW +0.8% /quotes/zigman/30356458/delayed NASDAQ +0.8%

need to know
Europe stocks waver | FTSE 100 regains ground
Chinese stocks rebound from earlier selloff

Intel overhauls chip business to revive PC sales
Tesco closes in on $7 bln S. Korea deal
Brent back below $50 as oil prices keep sliding
China tightens controls to fight capital outflows
Morgan Stanley cuts S&P 500 price target
AT&T urges rejection of TRC Capital offer
Amgen finds data falsified in diabetes study


China stock market to close for World War II anniversary

There’s still too many gold market bulls, says Hulbert

McDonald’s set to offer all-day breakfast

No. 1 restaurant for ‘breakfastarians’ is ...
Teacher with 111 tardies blames breakfast

Never use a market order when stocks are selling off

Uber drivers lawsuit  endangers much more than Uber
Uber driver suit can proceed as class-action

How China turned minor yuan issue into global rout
Beijing bumbling is China’s biggest problem

Where every Fed member stands on raising rates

Rate-hike question is what Yellen didn’t want
Boston Fed president: Sept. doubt remains

How LVMH poached Apple digital exec Ian Rogers

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
New on the shelves of your Apple Store: drones
Apple talks to Hollywood for exclusive content
Lost Apple deal leads to 40% job cut at GT

Babe Ruth’s New York apartment is for sale

Building is emerging as strongest sector of economy
U.S. manufacturing growth at 2-year low: ISM

These are the cars that get the most Instagram attention
Best time to buy a new car may be just ahead
U.S. car sales are stronger than expected

10 cities in U.S. with the very worst traffic problems
Lowest Labor Day gas prices in 11 years: AAA

September — the cruelest month for stocks?
What Wall Street swoon means for your money

Unlucky lottery winner gets IOU from Illinois

/conga/frontpage.html 353896

Markets »

171.39MDow Volume:
Avg Vol: 111.86M
Unchanged
163
Decliners
5264
Advancers
1172
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,058 -470 2.84%
Nasdaq
/quotes/zigman/12633936/realtime 4,636 -140 2.94%
S&P 500
/quotes/zigman/3870025/realtime 1,914 -58 2.96%
GlobalDow
/quotes/zigman/629063/realtime 2,293 -2 0.10%
Gold
/quotes/zigman/662444/delayed 1,137 -3 0.23%
Oil
/quotes/zigman/2331095/delayed 44.38 -1.03 2.27%
FTSE 100
/quotes/zigman/3173262/delayed 6,079 +20 0.33%
DAX
/quotes/zigman/2380246/delayed 10,052 +36 0.36%
CAC 40
/quotes/zigman/3173214/delayed 4,558 +17 0.37%
FTSE MIB
/quotes/zigman/1482176/delayed 21,660 +208 0.97%
IBEX 35
/quotes/zigman/2759620/delayed 9,986 -7 0.07%
Stoxx 600
/quotes/zigman/2380150/delayed 354 +1 0.18%
Asia Dow
/quotes/zigman/6959860/realtime 2,703 -15 0.55%
Nikkei 225
/quotes/zigman/5986735/delayed 18,095 -70 0.39%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,454 -243 0.95%
Singapore
/quotes/zigman/1709939/delayed 2,878 -5 0.16%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.35%
Yen
/quotes/zigman/16008150/realtime/sampled 120.04 +0.67 0.56%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.12%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.28%
DXY Index
/quotes/zigman/1652083/delayed 95.69 +0.31 0.33%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.48 +0.32 0.36%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 +0.01 0.33%
German 10y
/quotes/zigman/15866409/realtime 0.78 -0.02 2.66%
Italy 10yr
/quotes/zigman/15866497/realtime 1.99 -0.01 0.38%
Spain 10yr
/quotes/zigman/15866444/realtime 2.15 +0.01 0.41%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.81 -0.02 1.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.03 8.56%
Crude Oil
/quotes/zigman/2331095/delayed 44 -1 2.27%
Gold
/quotes/zigman/662444/delayed 1,137 -3 0.23%
Corn
/quotes/zigman/7599553/delayed 369 0 0.00%
DJIA F
/quotes/zigman/38649152/delayed 16,214 +127 0.79%
S&P F
/quotes/zigman/30356461/delayed 1,931 +15 0.80%
Silver
/quotes/zigman/3134148/delayed 15 0 0.65%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.23 -2.20 -2.46%
AAPL /quotes/zigman/68270/composite 107.72 -5.04 -4.47%
GOOG /quotes/zigman/30194416/composite 597.79 -20.46 -3.31%
BAC /quotes/zigman/190927/composite 15.58 -0.76 -4.65%
C /quotes/zigman/5065548/composite 50.94 -2.54 -4.75%
F /quotes/zigman/264304/composite 13.72 -0.15 -1.08%
T /quotes/zigman/398198/composite 32.32 -0.88 -2.65%
BP /quotes/zigman/247026/composite 32.14 -1.40 -4.17%
GE /quotes/zigman/227468/composite 23.88 -0.94 -3.79%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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World News from MarketWatch

Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/12221594/composite AMBA-6.30%
  • /quotes/zigman/10944615/composite FIVE-3.10%
  • /quotes/zigman/102711/composite FSYS-4.23%
  • /quotes/zigman/76117/composite EBAY-2.32%
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Real-Time Advice
Our real-time advice on how market shifts and news impact you and your money

Forget the Market. Buy a House

With the Dow Jones Industrial Average down more than 400 points today, and many market experts predicting more volatility ahead, some advisers are recommending their clients put some of their cash to another use: To buy that house or summer home at the shore.

Getty Images

Potential homebuyers certainly have plenty of incentives: Home prices are still way down in many parts of the country, and mortgage rates are nearing their all-time lows. Consider: The benchmark 30-year fixed-rate mortgage fell 1 basis point this week, to 4.45 percent — just a few basis points above the record low hit in October 2010, according to the Bankrate.com national survey of large lenders. Freddie Mac, meanwhile, reported today that the 30-year fixed-rate mortgage averaged 4.15% for the week ended Aug. 18, its lowest reported rate in 50 years.

Another reason to act now, say experts: While the recent passage of the debt deal is likely to keep mortgage rates low for now, homebuyers could soon find themselves with fewer incentives once the details of the debt deal are ironed out. Lawmakers have been debating a simpler tax system with lower tax rates and fewer tax breaks that could include reducing the generous mortgage tax deduction as part of the long-term spending cuts that must be agreed on this fall.

Of course, buyers still need significant down payments, stellar credit and job security, but if “you’re financially prepared to do so, it’s a great time to buy a house,” says Greg McBride, senior financial analyst at Bankrate.com. “Affordability is tremendous, and if you’re in a position where you have the financial security that others are lacking, you’re in a great position to grab a good deal.” Rebecca Hall, a financial planner in Reston, Va., said several of her clients have decided to buy second homes instead of putting more money in the market. “People don’t view real estate as volatile as the market,” says Hall. “Housing prices go down, but people aren’t on-line looking at it every day,” she says. “You view housing as a much longer term investment so it’s a little easier to handle [the volatility].”

For more:

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 60)

View all Comments »
    • The pandora warm autumn wind, air mixed into the firecrackers fire taste;

    • 1

    • -1′

    • I would buy a new home, but it would be like buying a new car. A new car loses value as soon as you take possession. Unlike a new car, the builder does not take trade in’s.

    • You Nay sayers are cracking me up. You might not be in California or some other state that sees great market swings. You might not have lived through other recessions or, at least, been in touch with real estate during those times. You might actually believe all the garbage out there. You have obvoiously never bought a car. If you had, you’d realize that a home is a much better investment than a car. The only time a car is going to regain any value is when its 25 years old, in excellent condition and someone actually wants it because you happened to buy the “cool car”.
      Someone posted that the market is gyrating. The last few recessions we saw what I would call “sawtoothing” probably the same thing as the gyrating comment. That’s where the values may go up a few percent (in Corona California we’ve seen increases of 10% to 15%) and then down a similar amount. Will we hit a double dip? Quite possibly if the government doesn’t keep us in this mess. If we look at history (especially here in California) we’ll see that housing has always had peaks and valleys. The valleys have never gone below the previous one and the peak has always, at least, doubled the previous one. If you buy a house today you may lose a little bit in value but unlike the car that loses value immediate and almost never gains it back, you will see the value come back (and probably double from this point).

      Quit whining… we should tell the government to stop messing around and let this thing do what it’s going to do. They should be focusing on getting people back in to homes instead of prolonging the inevitable.

      If you thinking of buying any of the Homes for sale in Corona I think you’ll find, in the near future, that you made a good investment. I realize California is different than many other states but all in all, real estate has and will come back.

About Real-Time Advice

  • How breaking news — in the markets, Washington, and around the world — affects you and your money. Have a question about how current events may change your financial future? Email us at ask@smartmoney.com.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Open in:

Futures: /quotes/zigman/30356461/delayed S&P 500 +0.8% /quotes/zigman/38649152/delayed DOW +0.8% /quotes/zigman/30356458/delayed NASDAQ +0.8%

need to know
Europe stocks waver | FTSE 100 regains ground
Chinese stocks rebound from earlier selloff

Intel overhauls chip business to revive PC sales
Tesco closes in on $7 bln S. Korea deal
Brent back below $50 as oil prices keep sliding
China tightens controls to fight capital outflows
Morgan Stanley cuts S&P 500 price target
AT&T urges rejection of TRC Capital offer
Amgen finds data falsified in diabetes study


China stock market to close for World War II anniversary

There’s still too many gold market bulls, says Hulbert

McDonald’s set to offer all-day breakfast

No. 1 restaurant for ‘breakfastarians’ is ...
Teacher with 111 tardies blames breakfast

Never use a market order when stocks are selling off

Uber drivers lawsuit  endangers much more than Uber
Uber driver suit can proceed as class-action

How China turned minor yuan issue into global rout
Beijing bumbling is China’s biggest problem

Where every Fed member stands on raising rates

Rate-hike question is what Yellen didn’t want
Boston Fed president: Sept. doubt remains

How LVMH poached Apple digital exec Ian Rogers

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
New on the shelves of your Apple Store: drones
Apple talks to Hollywood for exclusive content
Lost Apple deal leads to 40% job cut at GT

Babe Ruth’s New York apartment is for sale

Building is emerging as strongest sector of economy
U.S. manufacturing growth at 2-year low: ISM

These are the cars that get the most Instagram attention
Best time to buy a new car may be just ahead
U.S. car sales are stronger than expected

10 cities in U.S. with the very worst traffic problems
Lowest Labor Day gas prices in 11 years: AAA

September — the cruelest month for stocks?
What Wall Street swoon means for your money

Unlucky lottery winner gets IOU from Illinois

/conga/frontpage.html 353896

Markets »

171.39MDow Volume:
Avg Vol: 111.86M
Unchanged
163
Decliners
5264
Advancers
1172
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,058 -470 2.84%
Nasdaq
/quotes/zigman/12633936/realtime 4,636 -140 2.94%
S&P 500
/quotes/zigman/3870025/realtime 1,914 -58 2.96%
GlobalDow
/quotes/zigman/629063/realtime 2,293 -2 0.10%
Gold
/quotes/zigman/662444/delayed 1,137 -3 0.23%
Oil
/quotes/zigman/2331095/delayed 44.38 -1.03 2.27%
FTSE 100
/quotes/zigman/3173262/delayed 6,079 +20 0.33%
DAX
/quotes/zigman/2380246/delayed 10,052 +36 0.36%
CAC 40
/quotes/zigman/3173214/delayed 4,558 +17 0.37%
FTSE MIB
/quotes/zigman/1482176/delayed 21,660 +208 0.97%
IBEX 35
/quotes/zigman/2759620/delayed 9,986 -7 0.07%
Stoxx 600
/quotes/zigman/2380150/delayed 354 +1 0.18%
Asia Dow
/quotes/zigman/6959860/realtime 2,703 -15 0.55%
Nikkei 225
/quotes/zigman/5986735/delayed 18,095 -70 0.39%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,454 -243 0.95%
Singapore
/quotes/zigman/1709939/delayed 2,878 -5 0.16%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.35%
Yen
/quotes/zigman/16008150/realtime/sampled 120.04 +0.67 0.56%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.12%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.28%
DXY Index
/quotes/zigman/1652083/delayed 95.69 +0.31 0.33%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.48 +0.32 0.36%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 +0.01 0.33%
German 10y
/quotes/zigman/15866409/realtime 0.78 -0.02 2.66%
Italy 10yr
/quotes/zigman/15866497/realtime 1.99 -0.01 0.38%
Spain 10yr
/quotes/zigman/15866444/realtime 2.15 +0.01 0.41%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.81 -0.02 1.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.03 8.56%
Crude Oil
/quotes/zigman/2331095/delayed 44 -1 2.27%
Gold
/quotes/zigman/662444/delayed 1,137 -3 0.23%
Corn
/quotes/zigman/7599553/delayed 369 0 0.00%
DJIA F
/quotes/zigman/38649152/delayed 16,214 +127 0.79%
S&P F
/quotes/zigman/30356461/delayed 1,931 +15 0.80%
Silver
/quotes/zigman/3134148/delayed 15 0 0.65%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.23 -2.20 -2.46%
AAPL /quotes/zigman/68270/composite 107.72 -5.04 -4.47%
GOOG /quotes/zigman/30194416/composite 597.79 -20.46 -3.31%
BAC /quotes/zigman/190927/composite 15.58 -0.76 -4.65%
C /quotes/zigman/5065548/composite 50.94 -2.54 -4.75%
F /quotes/zigman/264304/composite 13.72 -0.15 -1.08%
T /quotes/zigman/398198/composite 32.32 -0.88 -2.65%
BP /quotes/zigman/247026/composite 32.14 -1.40 -4.17%
GE /quotes/zigman/227468/composite 23.88 -0.94 -3.79%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/12221594/composite AMBA-6.30%
  • /quotes/zigman/10944615/composite FIVE-3.10%
  • /quotes/zigman/102711/composite FSYS-4.23%
  • /quotes/zigman/76117/composite EBAY-2.32%
  • /quotes/zigman/1502728/composite UUP-0.60%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration

Email address

Password

Forgot password?