As for rates, they continue to steady out a bit after going up after the last two weeks. They did not sky rocket, but moved about .25%. However, they seem to be inching back down. If you need a rate quote call us and we will help you analyze your situation.
As for the market, see the video below on the continued decline in consumer spending. The good news is people are saving more out of necessity. The bad news is, if we are not careful (and we have talked about this plenty), we will slide into a deflationary market where people are not spending, prices are dropping, rates are dropping, but people are losing their jobs because employers cannot afford the because people are not spending and buying their products. It is a vicious cycle that is hard to break.