American Capital Agency Corp. (AGNC) - $19.28 -0.18 (-0.93%)
Company DescriptionAmerican Capital Agency Corp. is a real estate investment trust that invests exclusively in single-family residential mortgage pass-through securities and collateralized mortgage obligations on a leveraged basis.
Why mortgage applications fell in the holiday-shortened week
The MBA Applications Index fell 12.8% after holding steady the week before. Mortgage applications have dropped off a cliff ever since rates began increasing last spring.