The yield on the 1-year Treasury was 1.72 percent on Wednesday, according to data published by the U.S. Department of the Treasury. The 1-year yield tumbled from 1.90% a week earlier. The 6-month London Interbank Offered Rate was 3.98% as of Oct. 1, Bankrate.com reported. A week earlier, LIBOR stood at 3.47%.
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Welcome to Mortgage-Lending-News.Com. The United States Mortgage Industry is at a crossroads. Hundreds of billions in loans and real estate valuations have been lost due to the sub-prime mortgage crisis. Even worse, billions more are at risk during the first half of 2008, as even more adjustable rate mortgages reset their rates. Hardly a day goes by that we don't hear of a foreclosure crisis in the news. Quite simply, there is too much news for us to keep up with, so we built this Mortgage site, initially as a means for us to internally follow what is going on in the mortgage industry. Now, we are sharing it with you.
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