Industry News
Mortgage Industry News
Dollar Continues To Strengthen
12/08/2009
Treasuries and the dollar continued to show strength, while stocks, gold and oil fell on continued concern of government deficits. Right now, the futures market is pricing in a 93% chance that the Fed keeps rates somewhere between 0% and .25% through March 16th, 2010. Currently, the Ten Year yield is at 3.38% and the 2-10 yield spread is at 267bps, steepening 2bps since yesterday morning.





