Access to jumbo mortgage credit continued to increase in November, but the Mortgage Bankers Association (MBA) says it is still down significantly from pre-pandemic levels . Overall access fell during the month according to MBA's Mortgage Credit Availability Index (MCAI) which dipped by 0.6 percent. The decrease, however, was due solely to a constriction on the government loan side. The MCAI was at 124.9 in November. In February 2020, as the pandemic was taking hold, it had a reading of 181.3. A decline in the index is indicative of tightening credit. The index has four components. The Conventional MCAI increased 1.9 percent last month , while the Government MCAI decreased by 2.7 percent. Of the component indices of the Conventional MCAI, the Jumbo MCAI increased by 3.0 percent, and the Conforming

December 10, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.34% +0.06%   6.13% 7.26% 15 Yr. Fixed 5.82% +0.01%   5.6% 6.59% 30 Yr. Jumbo 6.32% +0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Dec 10, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.34% +0.06 0.00 15 Yr. Fixed 5.82% +0.01 0.00 30 Yr. FHA 6.06% +0.05 0.00 30 Yr. Jumbo 6.32% +0.02 0.00 7/6 SOFR ARM 5.98% +0.09 0.00 30 Yr. VA 6.08% +0.05 0.00 Updates Daily - Last Update: 11/3 Freddie Mac Rate Change Points 30 Yr. Fixed 6.17% -0.02 0.00 15 Yr. Fixed 5.41% -0.03 0.00 Updates Weekly - Last Update: 10/30 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% -0.07 0.58 15 Yr. Fixed 5.67% -0.07 0.61 30 Yr. Jumbo 6.38% -0.01 0.34 Updates Weekly - Last Update: 10/29 UMBS 30YR 5.0 99.58 +0.13   95.05 100.11 UMBS 30YR 5.5 101.09 +0.09   97.47 101.40 10 YR Treasury 4.088 -0.021   3.932 4.780 MBS Price Change UMBS 4.5 97.53 +0.11 UMBS 5.0 99.58 +0.12 UMBS 5.5 101.09 +0.09 GNMA 4.5 97.53 +0.02 GNMA 5.0 99.80 +0.15 GNMA 5.5 100.88 +0.08 Pricing as of: 11/4 7:28AM EST US Treasury Yield Change 2 YR Treasury 3.577 -0.032 5 YR Treasury 3.697 -0.027 7 YR Treasury 3.881 -0.024 10 YR Treasury 4.090 -0.019 30 YR Treasury 4.675 -0.018 Pricing as of: 11/4 7:28AM EST Other News Jumbo and Conventional Loans Easier to Obtain in November Fri, Dec 10, 2021 10:50AM Access to jumbo mortgage credit continued to increase in November, but the Mortgage Bankers Association (MBA) says it is still down significantly from pre-pandemic levels . Overall access fell during the month according to MBA's Mortgage Credit Availability Index (MCAI) which dipped by 0.6 percent. The decrease, however, was due solely to a constriction on t... (read more) Negative Equity Reaches 12-year Low Thu, Dec 9, 2021 11:14AM On Wednesday CoreLogic reported that prices in October were up 18 percent on an annual basis, the highest level in more than 45 years and identical to the gain in September. On Thursday, the company put those gains in perspective. That perspective, contained in its Homeowner Equity Report, is a massive $3.2 trillion gain in home equity during the third quart... (read more) AI, TPO, Warehouse, CRM Tools; Customer Service Tip; LIBOR Cessation News; FDIC vs. CFPB Fri, Dec 10, 2021 10:46AM When the public sees headlines like, “A Black Couple had a White Friend Show Their Home and Its Appraisal Rose by Nearly Half a Million Dollars,” of course regulators are going to take note, as will the public. In response to the Better.com public relations nightmare, from Wyoming comes, “No man is completely useless; he can always serve as... (read more) Latest Video Proof that poorer neighborhoods are hotter than wealthier areas Inflation rose 6.8% over last November — Here's what five experts have to s... I think the Fed is way behind the curve, says Wharton professor Jeremy Sieg... The 9am Bond Report - December 10, 2021 Around the Web NY Fed New York Fed purchases $2.799 billion in Treasurycoupons CNBC Fed is expected to speed up end of bond buying and signal interest rate hikes are coming Calculated Risk Blog 2nd Look at Local Housing Markets in November Calculated Risk Blog Q4 GDP Forecasts: Moving Up Calculated Risk Blog Cleveland Fed: Median CPI increased 0.5% and Trimmed-mean CPI increased 0.5% in November CNBC Inflation surged 6.8%, even more than expected, in November to fastest rate since 1982 CNBC 10-year Treasury yield hits 1.51% ahead of inflation data Calculated Risk Blog The Home ATM, aka Mortgage Equity Withdrawal (MEW) CNBC Why unemployment claims are at their lowest in decades Calculated Risk Blog Hotels: Occupancy Rate Down 9% Compared to Same Week in 2019 CNBC U.S. weekly jobless claims total 184,000 vs. 211,000 estimate CNBC Treasury yields dip as investors eye omicron developments and data CNBC Another Powell pivot raises questions about the Fed's policy credibility

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