MortgageDaily – Mortgage Market Deteriorates
The average 30-year fixed-rate mortgage rose 11 basis points in Freddie Mac’s survey of 125 thrifts, credit unions, commercial banks and mortgage lenders for the week ended Dec. 24. The yield on the 10-year Treasury bond worsened by 32 BPS, according to U.S. Department of the Treasury data. Overall loan applications fell 11 percent from the prior week on a seasonally adjusted basis in the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ended Dec. 18.
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Being a Mortgage Banker is not for wimps Occupations Mug (Green, Ceramic, 11oz.)
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