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: 30 Yr. Fixed 6.29% +0.01%   6.11% 7.26% 15 Yr. Fixed 5.69% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Mar 8, 2018 Mortgage Rates Little-Changed Despite Market Volatility Wed, Mar 7, 2018 3:49PM 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 very good at around 6am this morning. Financial markets were still reacting to yesterday's after-hours news of Gary Cohn's resignation. This resulted in stocks and bond yields moving lower. Markets were more willing to get back to business today, with stocks and bond yields ("rates") rising together at 9:30am. By the end of the day, both had returne... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.01 0.00 15 Yr. Fixed 5.69% +0.04 0.00 30 Yr. FHA 5.98% +0.04 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.68% +0.06 0.00 30 Yr. VA 6.00% +0.05 0.00 Updates Daily - Last Update: 9/9 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.06 -0.22   97.47 101.61 UMBS 30YR 6.0 102.36 -0.18   99.66 102.50 10 YR Treasury 4.082 +0.043   3.621 4.780 MBS Live Day Ahead: Bonds Hope For Friendly Draghi and "Risk-Off" Roll-Out of Tariff Plan Thu, Mar 8, 2018 9:11AM 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) MBS Live Recap: Markets Willing and Able to Shrug Off Cohn Resignation Wed, Mar 7, 2018 4:41PM 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 the news) quickly confirmed that the reaction would be good for bonds and bad for stocks.  "Good and ba... (read more) MBS Price Change UMBS 5.0 99.45 -0.32 UMBS 5.5 101.06 -0.22 UMBS 6.0 102.37 -0.17 GNMA 5.0 99.73 -0.34 GNMA 5.5 101.04 -0.14 GNMA 6.0 102.01 -0.17 Pricing as of: 9/9 5:50PM EST US Treasury Yield Change 2 YR Treasury 3.558 +0.071 5 YR Treasury 3.615 +0.054 7 YR Treasury 3.815 +0.047 10 YR Treasury 4.087 +0.047 30 YR Treasury 4.731 +0.041 Pricing as of: 9/9 5:50PM EST Other News A Single Investor Crashes Mortgage Credit Availability Index Thu, Mar 8, 2018 11:29AM 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 ... (read more) Survey Sees End of Home Price Juggernaut Wed, Mar 7, 2018 12:11PM 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 distillation of some of the answers to the survey, dropped 3.7 points in February, reversing to the penny the incr... (read more) Conferences and Training on Marketing, VA Lending, The PHH Case Thu, Mar 8, 2018 9:11AM 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 Australian Beach. How cool is that?? But loan officers may think that one of their brethren (Alexander Hernandez) m... 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