COFI Retreats
After surging more than 80 basis points the prior month, the Cost of Funds Index retreated.

Mortgage Market Gains Strength
Mortgage rates saw a slight improvement this week, while the improvement was more pronounced for new loan activity. The spread between jumbo mortgages an

10-Year Yield Sinks as Obama Restricts Banks
The 30-year fixed rate fell below 5 percent and is likely to fall further after comments by the president about limiting bank activities sent the stock market reeling.

Improvement in Mortgage Market
As refinances picked up steam and fixed rates fell, overall activity shot up during the latest week. But the one-year adjustable-rate mortgage jumped, while little change was noted in purchase activity.

Mortgage Market Shows Small Improvement
Mortgage rates eased, and market forces are helping to hold rates down. As mortgage applications edged higher last week, refinance share crept up this week.

More Record Lows Ahead for MTA
It was another record low for the Monthly Treasury Average -- which might see a few more records during the first-half 2010.

COFI Spikes
The Cost of Funds Index shot up more than 80 basis points during November. But COFI is quickly becoming irrelevant.

1-Year Finishes 2009 Lower, 30-Year Higher
The 30-year fixed-rate mortgage finished this year 4 basis points higher than it started. But the one-year adjustable-rate mortgage was 47 BPS better. Meanwhile, refinances tumbled during the latest week.

Consumer Group Takes on Broker YSPs
A consumer group is at odds with mortgage brokers over the use of yield spread premiums.