Industry News
Mortgage Industry News
Today’s Market News
06/16/2011
It has been another volatile morning. Despite stronger than expected economic data and small gains in the stock market, MBS markets have held in positive territory. Initial claims came in slightly lower than expected, however prior month data was revised upwards. Housing starts and building permits showed improvement month over month. Currently, the Ten Year yield is at 2.94% (3.08% yesterday) and the 2-10 yield spread is at 257bps, tightening 9bps since yesterday morning.
