Mortgage-related securities issuance rose to $569.8 billion in the third quarter, up 32.5% from $429.9 billion in the second quarter, according to The Bond Market Association."New issue activity volume in the third quarter was the highest since the third quarter of 2003," the association said in its Research Quarterly report. So far in the fourth quarter, housing markets "continue to defy expectations, and strong home sales should continue to drive mortgage market activity," the association said. But "looking ahead, higher mortgage rates may curtail mortgage market growth," the group said in its report. The association can be found on the Internet at http://www.bondmarkets.com.
Processing Content
