Industry News
Mortgage Industry News
Today’s Mortgage Market
06/21/2011
Treasury prices are moving lower this morning after yesterday’s dearth of economic news left prices drifting near unchanged. This week’s economic calendar opened with the May existing home sales report (4.70M est vs. 5.05M in April). The market will continue to look for developments out of Europe on Greece and is also focused on tomorrow’s conclusion of the two-day FOMC meeting. The meeting will follow the newly created format of an earlier than usual statement release at approximately 12:30PM, chased by a post release press conference at 2:15PM. Currently, the Ten Year yield is at 2.978% and the 2-10 yield spread is at 256bps, steepening 4bps since yesterday morning.
