Industry News
Mortgage Industry News
Rates Inch Up
05/19/2011
Rates are up slightly this morning following initial claims data which came in below expectations. Right now, the futures market is pricing in about an 83% chance that the Fed keeps rates between 0% and 0.25% through September 20th, 2011. Currently, the Ten Year yield is at 3.20% (3.11 yesterday) and the 2-10 yield spread is at 264bps, widening 6bps since yesterday morning.
