What Bond Market Rally? Mortgage Applications Fall Anyway
The easy money from the 2012 refinance wave has been made. Now, originators must focus on the purchase business, which is a more difficult area.
Mortgage Rates Fall Grudgingly As Bond Market Rallies
Mortgage rates spent most of the summer stuck around 4.25% and only recently acknowledged the strong bond market rally. The pattern of lagging the bond market seems to be continuing.
Mortgage rates rise, long-term bond yields fall
The average 30-year fixed-rate mortgage rose 2 basis points, from 3.97% to 3.99%. Mortgage rates spent most of the summer stuck around 4.25% and only recently acknowledged the strong bond market rally….