Capstead Mortgage Corporation (CMO) - $11.99 -0.10 (-0.83%)
Company DescriptionCapstead Mortgage Corporation operates as a self-managed real estate investment trust. It earns income from investing in real-estate related assets on a leveraged basis.
Why refinance applications tanked and policy could have an impact
The Refinance Index fell 17.5% (from 1,942 to 1,602) even though rates were flat. The MBA reported that the share of refinance applications fell to 63.2%.