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Loan Modification
: Mortgage Lender Implode-o-MeterMortgage Market Remains Solidly Frozen
By Implode-Explode Heavy Industries
On May 28 I wrote Mortgage Market Locks Up. Ten year treasury yields started to soar and 30 year mortgages for good borrowers jumped a full point from 4.5% to 5.5%.
The question on my mind at the time was whether or not the mortgage action was a brief outlier. It wasn't. Things are now worse.
Full post as published by Mortgage Lender Implode-o-Meter on June 12, 2009 (boomark / email).
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