Industry News
Mortgage Industry News
Mortgage Market Color
06/02/2011
Rates markets are giving back some of yesterday’s rally as equities are set to open higher ahead of tomorrow’s employment data. 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 2.99% (3.02% yesterday) and the 2-10 yield spread is at 254bps, flattening 2bps since yesterday morning.
