Bond yields have dropped to the lowest level in a week on more news of debt-ceiling and spending cut uncertainty. Yesterday, Bernanke spoke about the economy, and said that while he saw signs of improvement in our economy, he also indicated that he expects the Fed to continue buying bonds “…well into the second half of 2013.” In economic news, retail sales rose more than projected for the month of December.
What’s up on Wall Street?
The Dow Jones Industrial Average dropped 7.80 points (-0.06%) while the Nasdaq decreased 12.97 points (-0.42%). Likewise, S&P 500 decreased 2.17 points (-0.15%).
- 30-Year Fixed Mortgage: 3.375% (3.607% APR)
- 15-Year Fixed Mortgage: 2.75% (3.126% APR)
- 7-Year ARM: 2.625% (3.101% APR)
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.
New York Times