January 20th, 2011 2:20 PM by BILL WILBANKS
After seeing fairly flat rate sheets this AM, by the early afternoon we've seen today's 10-yr TIPS auction results go over at 1.170% compared to the expected 1.108%. This morning realtors reported better than expected eixisting home sales and today's better than expected unemployment report have all worked to move the 10-yr from yesterday's closing number at 3.3429% to 3.4665%, up 11.6 ticks early this afternoon. All together that much positive news bumped points up at least 25 bps so far this afternoon.
Check out some of the articles on the left under today's Mortgage Rate News. Very interesting.