Industry News
Mortgage Industry News
Personal Income Growth
03/01/2010
Personal income grew at a slower pace in January; personal spending accelerated. HSBC missed full-year net income estimates due to the costs of bad loans on their balance sheet. Right now, the futures market is pricing in an 85% chance that the Fed keeps rates somewhere between 0% and .25% through June 23rd, 2010. Currently, the Ten Year yield is at 3.615% (3.63% on Friday) and the 2-10 yield spread is at 279bps, flattening 1bp since Friday morning.





