Industry News
Mortgage Industry News
Today’s Mortgage News
01/28/2011
4Q GDP printed an annualized 3.2%, slightly worse than expectations, but still an acceleration from the 2.6% in the 3rd quarter; personal consumption also increased the most in 4 years. Stock futures are hovering around unchanged, Treasuries and mortgages are down sharply. Right now, the futures market is pricing in an 80% chance that the Fed keeps rates between 0% and 0.25% through June 22nd, 2011. Currently, the Ten Year yield is at 3.44% (3.44% yesterday) and the 2-10 yield spread is at 283bps, steepening 3bps since yesterday morning.
