Despite Drop in Underlying 1 Year Yield, MTA Up

Although the underlying yield on the one-year Treasury note has been lower lately, the Monthly Treasury Average still moved higher.

As of July 2016, the MTA was was 0.50750 percent based on a Mortgage Daily analysis of Federal Reserve Board data.

The index hasn’t been this high since October 2009, when it was 0.54417 percent. That was the lowest level on record at the time.

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From:: Financing