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Mortgage Markets – week ending 6/4/10

The 10 year Treasury rate inched back up another 8bps to 3.39%; although the 30year mortgage rate did not follow, remaining essentially flat. The bigger news, however, is that that 10.5% of those that already have bank-owned mortgages (approximately $2.5T) have decided not to make their payments.  As the graph below shows, March 31, 2010 call report data shows that delinquencies continued their inexorable climb.

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