Treasury prices are up this morning as yesterdays late day Yellen inspired rally carried into the overnight session. Today, investors will get a chance to see how Yellens actual testimony stacks up against the dovish text posted yesterday. In the meantime, this mornings economic calendar is quite busy. Thus far, the data has been softer than expected as the weekly jobless claims report showed slightly more claims than estimated. Productivity improved +1.9% but this was below consensus opinion of +2.3%. Lastly, the US trade gap widened to -$41.8B vs expectations of -$39.1B. Currently, the 10yr yield is 2.734% Rates HAVE IMPROVED! Conventional is 4.5% and FHA is 4.25% I have a twitter feed you can follow its @harringtonism Have a great day Dan Harrington Senior Loan Officer 818-800-8710 Direct 877-292-9834 Fax dharrington@prospectmtg danielgharrington NMLS #249667 BRANCH #3296
Posted on: Thu, 14 Nov 2013 19:22:20 +0000
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