Industry News
Mortgage Industry News
Todays’s Market Color
10/21/2011
Pricing is off a bit from yesterday as those who did not re-price yesterday afternoon saw the movement in today’s rates. More of the same...treasuries are slightly lower this morning as the world waits for further developments from Europe. The picture is as murky as ever with conflicting reports on whether or not Germany and France are in agreement on a plan heading into this weekend’s summit. In US news, a Wall Street Journal article is indicating that the Fed is mulling over a new round of MBS purchases to help bolster the floundering US housing market. The economic calendar is bereft of data this morning with only a few scheduled appearances from Fed officials planned for the afternoon. Currently, the 10yr yield is at 2.198% (2.192% Thursday) and the 2-10 yield spread is at 193bps, steeper by 1bps since yesterday morning.
