An increase availability of high balance loans helped drive the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) to a three-month high in May. MBA said the Index rose 1.5 percent to 180.6. An increase in the MCAI is indicative of loosening credit standards while a decline means those standards are tightening. All four components of the MCAI posted increases. The Conventional MCAI rose 2.0 percent from the April level and the Government index was up 1.0 percent. The Jumbo index and the Conforming Index were up 2.2 percent and 1.9 percent respectively. "The expansion of offerings across all loan types drove credit availability to its highest level in three months," Joel Kan, MBA's Associate Vice President of Economic and Industry Forecasting said. "In particular

June 12, 2018 Download our Mobile App: Download our Mobile App: Housing News Credit Availability Climbs to Three-Month High in May An increase availability of high balance loans helped drive the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI) to a three-month high in May. MBA said the Index rose 1.5 percent to 180.6. An increase in the MCAI is in... (read more) Rob Chrisman Processing, Warehouse, and Non-QM Products; Why Bank Mergers are Picking Up Some banks have concluded they will have to support Libor after 2021 , when alternative rates are in place. The banks hope to avoid disruption from a sudden discontinuation of Libor. Why does it matter? Plenty of adjustable rate mortgages, and lender... (read more) MBS Commentary MBS Live Day Ahead: Ceilings to Watch if Weakness Continues Bonds are starting the day in a slightly weaker stance yet again.  While we managed to come back from a weaker start yesterday, it's worth checking in with the important defensive ceilings.  If this week continues to be unfriendly, these ce... (read more) Housing News Record High Equity Thanks to Mortgage Credit Demographics As the value of residential real estate rises with home prices, so has the owner's equity share of that value. Jing Fu, writing in the National Association of Home Builders' (NAHB) Eye on Housing Blog, says that equity hit a new high in the first qua... (read more) MBS Commentary MBS Live Recap: Little-Changed After Uneventful Summertime Monday History suggests that Fed/ECB meetings in June are more than up to the task of causing significant volatility in bond markets.  It also suggests that summertime Mondays often turn into unofficial 3-day weekends.  Both options are still on... (read more) Mortgage Rate Watch Mortgage Rates Brace For Volatility From Central Banks Mortgage rates didn't move much today. That keeps them in line with some of the highest levels in nearly 7 years, though the same could be said for a majority of the days since mid-April. Rather than talk about where we are and where we've been, the ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/6 7:12PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/6 7:12PM EST Latest Video Can rising stocks coexist with rising interest rates? Fed likely to increase rates CNBC Fed Survey: Economic growth will near 3 percent this year Around the Web CNBC Barclays new stock chief says, 'It's late, but the party's still going' CNBC Tesla ditches Home Depot as sales partner for home solar products Bloomberg Bond Traders Brace for Major Moves in Aftermath of Fed Meeting Bloomberg Merrill to Pay $15.7 Million for Duping Mortgage Bond Customers NAR - Realtor.com Miami's Soft Condo Market Could Turn Around by 2020 CNBC 7 cities where rent prices are actually falling Fannie Mae Fannie Mae Announces Winner of its Latest Non-Performing ... SEC SEC Charges Merrill Lynch for Failure to Supervise RMBS Traders Bloomberg Italy's Yield Curve Is Bearing the Brunt of Fickle Politics Fannie Mae Reported Mortgage Demand Falls to Three-Year Low, Fueling ... CNBC US consumer prices increase as expected in May CNBC El-Erian: Trump-Kim agreement allows market to focus on more pressing issue of the Fed Calculated Risk Blog Small Business Optimism Index increased in May

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