| Aug 22, 2012 3:58PM Mortgage Rates fell sharply today after the Minutes from the latest Fed meeting revealed a strong level of commitment toward additional monetary accommodation in the near future. Several of the Fed's potential accommodation methods would have a default positive impact on bond markets, generally helping to keep rates lower. Although markets had a good amount of this expectation already priced in to current levels, today's Minutes served as a reminder of sorts, that they were on the right track. This... Aug 22, 2012 2:24PM This is a frightening statistic, probably one of the most worrisome in recent years: 25% of mortgage bankers and Realtors in the country are on medication for mental illness. That is scary - it means that 75% are running around untreated. Statistics can be useful, sometimes not. On the "useful" side, the MBA will release its weekly mortgage applications index for the prior week. But how many of those retail applications actually close ? It turns out that the MBA informally polls its members regularly...
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