Industry News
Mortgage Industry News
New Housing Data
10/19/2010
There were mixed results on housing data released this morning: Housing starts printed much better than expectations, building permits were softer. Goldman announced a 40% drop in 3Q net income to $1.9B. Right now, the futures market is pricing in an 87% chance that the Fed keeps rates between 0% and 0.25% through January 26th, 2011. Currently, the Ten Year yield is at 2.55% (2.53% yesterday) and the 2-10 yield spread is at 219 bps, steepening 2bps since yesterday morning.
