Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far from over.

The decline in the 10-year Treasury yield and agency mortgage-backed securities (MBS) yields — due to a soft jobs report in late October — led to a slight pick up in seasonally-adjusted mortgage application volume. This marks a “welcome near-term reprieve for originators and many mortgage real estate investment trusts (mREITs),” according to a note from Piper Sandler, a leading investment bank.  

“But this move is immaterial relative to details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com