Lending standards tightened in February, especially for conforming and super-conforming (jumbo) loans. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) declined by 1.2 percent in February . The composite index fell to 180.7 from 182.9 in January while some components retreated to multi-month lows. A decline indicates a tightening of lending standards while an increase means the reverse. Lynn Fisher, MBA's Vice President of Research and Economics, reported that, "Credit availability fell in February by 1.2 percent, led downwards by a decline in conventional offerings. A change in program offerings from a single large investor in the conventional space was responsible for much of the net decline . The decline in February returned the jumbo component index

March 8, 2018 Download our Mobile App: Download our Mobile App: Housing News A Single Investor Crashes Mortgage Credit Availability Index Lending standards tightened in February, especially for conforming and super-conforming (jumbo) loans. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) declined by 1.2 percent in February . The composite index... (read more) MBS Commentary MBS Live Day Ahead: Bonds Hope For Friendly Draghi and "Risk-Off" Roll-Out of Tariff Plan European Central Bank (ECB) President Mario Draghi's press conference (which follows the scheduled ECB policy announcement) could set the tone for bond markets this morning.  And that tone could spill over to Treasuries more than normal due to a... (read more) Rob Chrisman Conferences and Training on Marketing, VA Lending, The PHH Case In these days of fleeting texts, emails, and photos that last for one look, it is nice to think that some things last. News broke that a record-breaking 131-year-old message in a bottle was found 131-year-old message in a bottle was found on an Austr... (read more) Housing News Survey Sees End of Home Price Juggernaut Americans may be growing a bit pessimistic about housing, that came through loud and clear in the results of Fannie Mae's February edition of the National Housing Survey (NHS). Fannie Mae said its Home Purchase Sentiment Index (HPSI), which is a dist... (read more) Mortgage Rate Watch Mortgage Rates Little-Changed Despite Market Volatility Mortgage rates stayed fairly close to yesterday's levels as underlying bond markets experienced some volatility throughout the course of the day. If mortgage lenders were forced to create rate sheets earlier in the morning, things would have looked v... (read more) MBS Commentary MBS Live Recap: Markets Willing and Able to Shrug Off Cohn Resignation The resignation of White House Economic Advisor Gary Cohn thew markets a curveball when it was announced after the close of business yesterday.  Currencies (which trade 24 hours a day) and Treasuries futures (which began trading shortly after ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.35 -0.16 Price / Yield Change MBS UMBS 5.5 99.39 -0.12 UMBS 6.0 101.29 -0.11 GNMA 5.5 99.61 -0.17 GNMA 6.0 101.28 -0.04 Pricing as of: 7/23 1:13PM EST 10 Year US Treasury 4.3887 +0.0427 Price / Yield Change US Treasury 2 YR Treasury 3.868 +0.039 5 YR Treasury 3.926 +0.040 7 YR Treasury 4.140 +0.041 10 YR Treasury 4.385 +0.039 30 YR Treasury 4.953 +0.037 Pricing as of: 7/23 1:13PM EST Latest Video President Trump signs proclamation on steel and aluminum tariffs Household net worth rises to new record Trump: No tariffs for Canada and Mexico if deal reached Around the Web CNBC House Speaker Ryan opposes Trump's tariffs, warns of 'unintended consequences' Reuters Wall Street gains on Trump's softened tariff stance Reuters Trump sets metals tariffs but exempts Canada and Mexico CNBC Home Depot to donate $50M to train construction workers, address severe shortage NAR - Realtor.com Where Are the New Hottest Markets for Home Flippers? Reuters Wall Street treads water ahead of Trump's tariff decision NAR - Realtor.com New York Housing Is Getting (Gasp!) More Affordable Calculated Risk Blog February Employment Preview CNBC House flipping hits decade high, but returns are shrinking Freddie Mac Mortgage Rates Push Higher CNBC ECB's Draghi talks policy after the central bank drops its easing bias Calculated Risk Blog Weekly Initial Unemployment Claims increase to 231,000 CNBC European Central Bank keeps rates and stimulus unchanged

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