The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) rose slightly in February. The Index, which measures any tightening or loosening of mortgage underwriting overall and by loan type, rose 0.6 percent to 180.1, indicating a relative easing of credit. The index was benchmarked to 100 in March 2012. The Conventional MCAI increased (1.1 percent), while the Government MCAI increased slightly (0.1 percent). Of the component indices of the Conventional MCAI, the Jumbo MCAI increased by 2.2 percent while the Conforming MCAI decreased by 0.2 percent. "Credit availability increased in February as a result of new jumbo offerings brought to the market, both for agency jumbo and non-agency jumbo programs," said Mike Fratantoni, MBA Senior Vice President and Chief Economist

March 7, 2019 Download our Mobile App: Download our Mobile App: Housing News Credit Availability Rises for Jumbo, Low Credit Score Borrowers The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) rose slightly in February. The Index, which measures any tightening or loosening of mortgage underwriting overall and by loan type, rose 0.6 percent to 180.1, i... (read more) Housing News How Low Rates and Rising Prices Led to Negative Equity in a Few States While homeowner equity increased overall during the fourth quarter of 2018, the number of homeowners with negative equity rose for the first time in 12 quarters. Homeowners who were underwater, owing more on their mortgage than the value of their hom... (read more) Rob Chrisman LO Jobs; Underwriting, Marketing, Hedging Products; What is Moving Rates? “Rob, one of my LOs was heard about a program that offers 97% 1st with no MI and up to a 105% CLTV with a community 2nd, when approved for the 1st, they’re approved for the 2nd. A shared appreciation model with 0% on the 2nd. True? I am n... (read more) Housing News Why Homebuyer Sentiment is Declining, Despite Stronger Economy Fannie Mae's Home Purchase Sentiment Index (HPSI), a measure derived from the company's monthly National Housing Survey (NHS), was essentially unchanged in February , dipping 0.4 point from the January reading to 84.2. The Index is down 1.5 percentag... (read more) Housing News Black Knight: Price and Rate Reductions Already Boosting Affordability Earlier this week CoreLogic reported that the annual rate of appreciation in January, 4.2 percent, was exactly two-thirds the rate in January 2018. The Black Knight Mortgage Monitor essentially confirms that deceleration, reporting price increases dr... (read more) MBS Commentary MBS Live Recap: Big Help From Europe; NFP Up Next Today was all about the European Central Bank's surprisingly bond-friendly announcement and press conference.  Considering markets already expected (and had largely priced-in) a friendly ECB day, The fact that the ECB was able to deliver a ral... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.92 +0.08 Price / Yield Change MBS UMBS 5.5 99.91 +0.07 UMBS 6.0 101.61 +0.05 GNMA 5.5 100.05 +0.09 GNMA 6.0 101.46 +0.05 Pricing as of: 7/3 4:50AM EST 10 Year US Treasury 4.2553 -0.0245 Price / Yield Change US Treasury 2 YR Treasury 3.771 -0.017 5 YR Treasury 3.847 -0.020 7 YR Treasury 4.034 -0.022 10 YR Treasury 4.259 -0.021 30 YR Treasury 4.786 -0.023 Pricing as of: 7/3 4:50AM EST Latest Video Draghi's move was significant, took markets by surprise: Former Fed governo... Santelli Exchange: Liquidity management and the cost of capital Pisani: Fed pause, trade deal already priced into market ECB will keep its rates on hold through the end of 2019 Around the Web Calculated Risk Blog February Employment Preview NAR - Realtor.com More New-Home Sales Are for Houses That Haven't Even Been Started Yet. That's Not a Good Thing. CNBC This is the Number 1 obstacle keeping people from buying a home CNBC Fed's Brainard calls for 'watchful waiting' on rate moves CNBC US households see biggest decline in net worth since the financial crisis CNBC The Fed doesn't have to worry about high inflation anymore, and that's a problem CNBC Robert Shiller: Self-fulfilling prophecy of recession could ruin bull runnot a specific event CNBC Lending gap narrows for women business owners, but it's still 31% less than for men CNBC Euro sinks as ECB's Draghi slashes growth forecasts and announces cheap loans for banks Bloomberg US Jobs Report: Watch the Labor-Force Participation Rate Bloomberg Powell's Pause Won't Last If Services Gauge Is Any Guide Bloomberg There's Life for Bond Traders Amid the Carnage CNBC ECB to launch fresh funding to help bank lending

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