Industry News
Mortgage Industry News
Market is Rallying
03/26/2010
Market is rallying following today's GDP release which showed that the economy expanded at an annual rate of 5.6%, less than the 5.9% expected by most analysts. Right now, the futures market is pricing in a 84% chance that the Fed keeps rates at .25% through August 10th, 2010. Currently, the Ten Year yield is at 3.86% (3.84% yesterday) and the 2-10 yield spread is at 280bps, 4 bps wider versus yesterday morning.





