(Reuters) – Wells Fargo & Co (WFC.N) is boosting its teams that process mortgage loans to prepare for higher mortgage volumes.
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(Reuters) – Wells Fargo & Co (WFC.N) is adding to teams that process mortgage loans to prepare for higher mortgage volumes, according to a memo viewed by Reuters shows. Banks are anticipating a surge.
Mortgage rates generally rise and fall along with yields on Treasury securities, which reflect the overall direction of interest rates. Yields on 10 and 30-year Treasury securities are typically used to set long-term mortgage rates. Have a look at historical graph comparing 30 Year T-Bond vs. 30 year frm, Prime Rate.
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