Markets - Market News
Mortgage Applications Down 1.7% in Week
Wednesday, February 20, 2013
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Mortgage applications slumped 1.7% on a seasonally adjusted basis in the week ended Feb. 15, as refinances slid 2% and purchases dropped 2%, according to the Mortgage Bankers Association's weekly mortgage applications survey.

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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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