Industry News
Mortgage Industry News
Rates Dip
01/13/2011
Rates are slightly lower this morning following an unexpected jump in jobless claims. Headline PPI printed higher than forecast and rose the most in 11 months. Right now, the futures market is pricing in an 87% chance that the Fed keeps rates between 0% and 0.25% through April 27th, 2011. Currently, the Ten Year yield is at 3.36% (3.40% yesterday) and the 2-10 yield spread is at 276bps, tightening 2bps since yesterday morning.
