The week in mortgages was described as "slow", "light", "exhausted", and "apathetic". This statement is supported by Tradeweb's volume which averaged 87% for the week through Thursday, down further from even last week's limited 93%.

While year-end and the holidays were a factor in the decrease, higher prices and lower yields resulting from continued risk aversion associated with concerns over the European Union crisis continued to play a major role and generally overrode some favorable economic reports.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.