Industry News
Mortgage Industry News
Today's Market Color
03/16/2010
Import Prices printed slightly lower than expectations; housing starts and building permits posted higher numbers than consensus. European finance ministers put together the structure for a lifeline for Greece. This line will be used if the planned tax increases and wage cuts do not work. The FOMC decision is scheduled for 2:15 this afternoon. Right now, the futures market is pricing in a 90% chance that the Fed keeps rates somewhere between 0% and .25% through June 23rd, 2010. Currently, the Ten Year yield is at 3.3678% (3.70% yesterday) and the 2-10 yield spread is at 274bps, flattening 1bp since yesterday morning.
