Industry News
Mortgage Industry News
Mortgage Applications Gain Slightly
03/10/2010
Market is quiet this morning with another light day on the data front. Mortgage applications gained slightly last week. Right now, the futures market is pricing in a 85% chance that the Fed keeps rates somewhere between 0% and .25% through June 23rd, 2010. Currently, the Ten Year yield is at 3.742% (3.69% yesterday) and the 2-10 yield spread is at 283 bps, 1 bp wider since yesterday morning.





