Mortgage applications have posted a third consecutive weekly decline amid sinking refinance demand. So reports MoneyWise.

Independent mortgage banks and mortgage subsidiaries of chartered banks saw an average per-loan profit of $3,738 in the fourth quarter of last year, a nearly one-third drop from the third quarter, according to data from the Mortgage Bankers Association. So reports Asset Securitization Report.

Bill Bodnar of The Mortgage Market Guide (MMG) says there were three things the bond market didn't like about the most recent Fed Meeting.