Industry News
Mortgage Industry News
First Quarter GDP Grows
04/30/2010
First quarter GDP grew at a rate of 3.2%, due to increased consumer spending. Greek bonds are up on speculation that an EU-led bailout amounting to 120B euros will be finalized soon. Right now, the futures market is pricing in a 78% chance that the Fed keeps rates at .25% through September 21st, 2010. Currently, the Ten Year yield is at 3.684% (3.77% yesterday) and the 2-10 yield spread is at 274bps, steepening 1bp since yesterday morning.





