Industry News
Mortgage Industry News
Equites Move Higher
03/25/2011
Equities are higher on better-than-expected earnings from Oracle and Accenture. 4Q US GDP was revised upwards to 3.1% due to higher consumer spending. S&P downgraded Portugal’s creditworthiness, sending the country’s bonds lower for the fifth straight day. Right now, the futures market is pricing in about a 91% chance that the Fed keeps rates between 0% and 0.25% through August 9th, 2011. Currently, the Ten Year yield is at 3.41% (3.38% yesterday) and the 2-10 yield spread is at 270bps.
