Industry News
Mortgage Industry News
Mortgage Rates Up Slightly
03/24/2011
Rates are up slightly this morning as Durable Orders came in well below expectations with upward revisions to the prior month while Jobless Claims were in line with forecasts. Right now, the futures market is pricing in about a 93% chance that the Fed keeps rates between 0% and 0.25% through August 9th, 2011. Currently, the Ten Year yield is at 3.38% (3.29% yesterday) and the 2-10 yield spread is at 270bps, widening 5bps since yesterday morning.
