Access to jumbo mortgage loans rebounded from a loss in February to drive the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) higher in March. The MCAI increased by 3.2 percent, rising from a 177.8 reading to 183.4. The MCAI analyzes data from Ellie Mae's AllRegs® business information tool to show relative credit risk/availability overall and for four loan types, conventional, conforming, government (VA/FHA) and jumbo. The composite index was benchmarked to 100 in March 2012. The Jumbo MCAI, which had fallen 4.4 percent the previous month due to consolidation of some jumbo loan programs, jumped 11.7 percent in March. The Conventional MCAI rose 4.5 percent and the government index gained 2.3 percent. Those increases were partially offset by a 2.6 percent

April 6, 2017 Download our Mobile App: Download our Mobile App: Housing News New Jumbo Lending Programs Drive Credit Access Higher Access to jumbo mortgage loans rebounded from a loss in February to drive the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) higher in March. The MCAI increased by 3.2 percent, rising from a 177.8 reading to 183.4. T... (read more) Rob Chrisman Freddie's $1.3 bln Risk Transfer; Lenders' New Channels and Products Want a good statistic to demonstrate how tight the housing market is? 57% of all realtors have been involved in a sale with at least 10 offers on a single property in the past year . In fact, only 2% have not experienced a bidding war in the last yea... (read more) Mortgage Rate Watch Mortgage Rates Unchanged With Help From Fed Mortgage rates were noticeably higher to begin the day, but most lenders offered mid-day improvements after the release of the hotly-anticipated Fed Minutes (from the March 14-15 meeting). For those that don't necessarily follow every little movement... (read more) MBS Commentary MBS Live Day Ahead: A Lull Before Tomorrow's NFP; Follow The Bouncing Stocks? The day begins with a similar pattern shaping up to that seen in late March when the healthcare bill drama was highest.  Said drama translated to the biggest 90 minutes of losses in stocks since the election.  Yesterday's release of the F... (read more) MBS Commentary MBS Live Recap: Bond Markets Relieved by Fed's Tame Balance Sheet Plans Coming into today, we had two key options as far as potential market movers were concerned: economic data and the Fed Minutes.  On the data front, ADP Employment led the charge, coming in at 263k vs a 187k forecast.  That didn't bode well f... (read more) Mortgage Rate Watch Rates Steady Near 2017 Lows Ahead of Jobs Report Mortgage rates remained largely unchanged today, on average. Once again, there was a fair amount of volatility in bond markets (which dictate rates) during the day, but said volatility was contained in a narrow range that's persisted all week. In fac... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.02% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.02% +0.01 0.00 15 Yr. Fixed 6.37% 0.00 0.00 30 Yr. FHA 6.30% -0.02 0.00 30 Yr. Jumbo 7.20% 0.00 0.00 7/6 SOFR ARM 6.99% +0.04 0.00 30 Yr. VA 6.32% -0.02 0.00 Updates Daily - Last Update: 11/14 15 Yr. Fixed Rate 6.37% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.78% -0.01 0.00 15 Yr. Fixed 5.99% -0.01 0.00 Updates Weekly - Last Update: 11/14 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.73% +0.21 0.69 15 Yr. Fixed 6.27% +0.29 0.77 30 Yr. Jumbo 6.77% +0.04 0.49 Updates Weekly - Last Update: 10/30 MBS / Treasuries UMBS 30YR 5.5 98.84 -0.09 Price / Yield Change MBS UMBS 5.5 98.87 -0.06 UMBS 6.0 100.53 -0.04 GNMA 5.5 99.50 -0.06 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 9:13PM EST 10 Year US Treasury 4.4508 +0.0120 Price / Yield Change US Treasury 2 YR Treasury 4.354 +0.004 5 YR Treasury 4.334 +0.008 7 YR Treasury 4.391 +0.004 10 YR Treasury 4.444 +0.005 30 YR Treasury 4.584 -0.050 Pricing as of: 11/14 9:13PM EST Latest Video Futures Now: Bond market's message Blackstone real estate head on future of retail Real estate CEOs on housing under Trump Around the Web NAR - Realtor.com Americans Are Taking Out the Largest Mortgages on Record CNBC Fed's Kashkari says JPMorgan's Jamie Dimon is dead wrong about banks Calculated Risk Blog Goldman: March Payrolls Preview census.gov Survey of Market Absorption of New Multifamily Units Calculated Risk Blog March Employment Preview: Mixed Signals Bloomberg Fed's Williams Sees Balance-Sheet Shrinking Taking Five Years Market Watch The stock and real estate markets will tumble once the ECB follows the Fed Reuters Former LendingClub CEO Renaud Laplanche launches new online lender feedproxy.google.com Majority of Realtors Say Clients Interested in Sustainability NAHB Eye on Housing Leverage Ratios Rise in 2016 Freddie Mac Mortgage Rates Move Lower Calculated Risk Blog Las Vegas Real Estate in March: Sales up 11.9% YoY, Inventory down Sharply Bloomberg Draghi Struggles to Shut Down ECB Debate Weidmann Wants to Have

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