Mortgage Purchase Applications Rise In Latest MBA Survey But Still Down -11% Since Same Week Last Year (MBS Convexity Rising As Rates Decline)
by confoundedinterest17 The slowing US economy has a silver lining: Treasury and mortgage rates are declining. And the is spurring faster mortgage prepayments. Mortgage applications increased 6.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s …