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Mortgage Applications Rise as Rates Drop to New Lows
Wednesday, December 12, 2012
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Mortgage application volume climbed 6.2% in the week ended Dec. 7, as refinances rose 8% and purchases grew 1%, according to the Mortgage Bankers Association's weekly mortgage applications survey.

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Commentary - When It May Be Virtually Free to Be Tax Free
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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