Industry News
Mortgage Industry News
Mortgage Applications Drop Slightly
12/21/2011
Treasury prices are slightly higher this morning on little news, and futures are indicating a lower open for equities. More housing data is on the economic calendar this morning with Existing Home Sales due at 10am Eastern. Mortgage Applications were down 2.6% last week. Currently, the 10 year yield is at 1.913% (1.852% Monday) and the 2-10 yield spread is at 166bps, wider by 6bps since yesterday morning.





