Industry News
Mortgage Industry News
Market News
12/28/2011
Markets remained quiet overnight as thinly staffed trade desks are mostly sidelined during the holiday lull. Yesterday’s better than expected report on consumer confidence failed to provide much market direction as the 10yr clings to a 2.0% yield. Today’s economic calendar is silent as the usually MBA mortgage applications index is on hiatus during the holidays. Currently, the 10 year yield is at 1.989% (2.012% Tuesday) and the 2-10 yield spread is at 170bps, flatter by 2bps since yesterday morning.
