Posted To: Pipeline Press

In equity news, despite some predictions to the contrary , the market had its best month since 1987. This, in the face of renewed layoffs and economic scaring in the service sector for many lower paying jobs and small businesses. Fixed income… Do you like rates where they are? ( The average 10-year yield during the month of November was .86 percent. ) Good. You’ll probably see them for much of 2021, depending on pandemic-related news. Although bond market investors and economists often talk about inflation, think about it. Do you see broad-based price pressure pushing yields higher any time in the next year, based on employment data? Retailers have shifted to on-line purchases as well as curbside pickup. Money has shifted from travel and restaurants into home categories like comfort…(read more)

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Source: Mortgage News Daily