January 12, 2009
January 12, 2009 by admin
The stock market is on a downward beat following a rough start to the economic news front with last Friday’s jobs report. Investors are anticipated dismal corporate earnings to as major companies begin to shed light onto their q-4 numbers this week. Most investors have already priced these results into their expectations, the major question on most investors and consumers minds will be how sharply companies begin to alter their guidance for 2009.
Oil prices have moved sharply lower following a brief move up in late December. The lower commoditiy prices will be beneficial to consumers who are looking for ways to cut back on their expenses. The yield on the ten year bond has moved up slightly over the past two weeks and is now sitting at 2.35%. Fixed mortgage rates have moved up slightly as well. Consumers have jumped on board with the lower rates to refinance their home mortgages and popular fifteen year fixed mortgage loans are still in the low five percent range with major national lenders.