Orlando Mortgage Blog

Let's Forget Wednesday

December 2nd, 2010 8:00 AM by BILL WILBANKS

 

It was only Tuesday that the 10yr sat at 2.80%. It closed at 2.9717% last night. That caused a full 100 bps move yesterday bumping rates along with it as investers bailed into riskier targets and out of safer ones. In fact we saw three price sheets yesterday as lenders tried to keep up. This morning at 7:50 the 10 yr sits at 3.0034% or basically flat but breaking the the 3% plateau for the first time since late July. Today investors await comments from Jean Claude Trichet, President of the ECU about his intentions on ECB Bond purchases and more unemployment numbers at 8:30. Were you ready to lock?

Posted in:General
Posted by BILL WILBANKS on December 2nd, 2010 8:00 AM

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