Industry News
Mortgage Industry News
Tension Over Greek Bailout
06/10/2011
Import Prices came in worse than expected, up 12.5% year-over-year, due to auto and clothing costs. Tension continues to grow between Germany and the ECB regarding the Greek bailout. Stock futures are pointing lower, while mortgages and Treasuries are trading in positive territory. Currently, the Ten Year yield is at 2.98% (2.93% yesterday) and the 2-10 yield spread is at 256bps, steepening 3bps since yesterday morning.





