Industry News
Mortgage Industry News
Today’s Market Color
05/09/2011
Quiet day on the economic calendar today following Friday’s employment data. Late this week we get PPI and CPI numbers. Right now, the futures market is pricing in about an 82% chance that the Fed keeps rates between 0% and 0.25% through September 20th, 2011. Currently, the Ten Year yield is at 3.16% (3.22% yesterday) and the 2-10 yield spread is at 261bps, unchanged since Friday morning.
