Yesterday, the yield on the 10 year Treasury bond hit a high of 4.8% which lead to the average 30 year fixed mortgage rate hitting a 23 year high. It toped at 7.7%. A year ago from today they were 6.6%. What about mortgage applications? According to Mortgage Bankers Association's Survey, applications decreased another 6% from last week. Which is 22% lower than this time last year, hitting a 27 year low...