Industry News
Mortgage Industry News
Home Sales Better Than Consensus
09/24/2010
Capital goods orders printed much better than expectations with upward revisions made to the previous month. After existing home sales posted a better than consensus increase yesterday. Right now, the futures market is pricing in an 86% chance that the Fed keeps rates between 0% and 0.25% through January 26th, 2011. Currently, the Ten Year yield is at 2.59% (2.51% yesterday) and the 2-10 yield spread is at 214bps, steepening 6bps since yesterday morning.
