The European debt crisis is taking its toll on the U.S. stock market and sovereign debt yields. But it also has the yield on the 10-year Treasury note lower than any close on record — creating more opportunity for U.S. mortgage originators. The 10-year yield closed at 1.70 percent on May 17 — its lowest [...]
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Mortgage Market Metrics Continue Deterioration
November 25th, 2010
davidguide Mortgage originators priced 14 percent fewer loans based on the latest Mortech-Mortgage Daily Mortgage Market Index . Also lower for the second week was the average U.S. loan amount. The refinance share additionally fell for the second consecutive week to 54 percent. View full post on Mortgage Stories
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