steady, the market continues to pummel mortgage stocks as investors react to recent hikes and their effect on lenders' volumes.

American Banker's index of independent mortgage companies fell 11.4% last week amid a major selloff in the bond market, which pushed U.S. Treasury yields -- the benchmark for mortgage rates -- higher. Every publicly traded home lender came under pressure, from Internet-oriented startups that have not yet turned a profit to established companies that have weathered previous cycles.

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