Industry News
Mortgage Industry News
German Exports Jump
06/07/2010
German exports unexpectedly jumped, partly due to the weakening euro, causing stock futures to recover some of Friday's losses. With the rally in mortgages on Friday, the Compass Conventional 30 Average Gross Profit Margin posted a 9bp increase. Right now, the futures market is pricing in a 72% chance that the Fed keeps rates at .25% through September 21st, 2010. Currently, the Ten Year yield is at 3.206% (3.27% on Friday) and the 2-10 yield spread is at 248bps, flattening 4bps since Friday morning.
