Industry News
Mortgage Industry News
Today’s Market Color
10/08/2010
Nonfarm payrolls printed at -95k vs. a consensus of -5k; the unemployment rate remained at 9.6%; underemployment, U6, jumped from 16.7% to 17.1%. Bonds are higher, stocks are mixed. Right now, the futures market is pricing in an 87% chance that the Fed keeps rates between 0% and 0.25% through January 26th, 2011. Currently, the Ten Year yield is at 2.38% (2.40% yesterday) and the 2-10 yield spread is at 203bps.
