Industry News
Mortgage Industry News
Inital Jobless Claims Lowest In 2 Years
12/30/2010
Jobless claims data was mixed with Initial Claims printing better than expectations (lowest level since July 12, 2008), while Continuing Claims disappointed. Equities are mixed, Treasuries and mortgages are lower. Right now, the futures market is pricing in an 85% chance that the Fed keeps rates between 0% and 0.25% through April 27th, 2011. Currently, the Ten Year yield is at 3.38% (3.49% yesterday) and the 2-10 yield spread is at 273bps, flattening 2bps since yesterday morning.
