The 10 Year Treasury Yield rose to 2.03% this morning (due to the 3 reports/news below), leading to higher mortgage rates.

- Weekly Jobless Claims came out at the lowest level since the beggining of 2008. The total number was 351K, which was less than then market expecation number of 355K. This partially led to the increase in the 10 Year Treasury Yield this morning.

- Yesterday's Spanish and French debt auctions went better than expected (lower borrowring costs for both countries), so this better than expected Eurozone news also led to an increase in the 10 Year Treasury Yield this morning.

- Personal Income rose 0.3% in January, but Consumer Spending rose by less than that amount (0.2%) in January. This shows that consumers are still unsure about the stability of our economy, so this slightly offset the increase in the 10 Year Treasury Yield this morning.