Access to mortgage credit increased again in January. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) rose 2.0 percent to 124.6. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The two components of the Conventional MCAI posted significant increases. The Conforming MCAI jumped 7.7 percent and the Jumbo component was up 2.2 percent, pushing the parent index up 4.8 percent compared to December. This was slightly offset by an 0.1 percent decline in the Government MCAI. "The growth in credit availability in January coincides with a housing market that is poised for a strong start to the year . Improvements were driven by the conventional segment of the mortgage market

February 10, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman IT Jobs; VOE, CRM, Non-QM Products; Conventional Conforming News; CPI: No Inflation Worries Here we are in the seemingly 58 th week of 2020. What’s new? The podcast of today’s commentary features thoughts from the Millennial host on how lenders can address that market, and it can be heard via Apple , Spotify , or Google : subscr... (read more) Housing News Conforming Loan Standards Loosened in January Access to mortgage credit increased again in January. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) rose 2.0 percent to 124.6. A decline in the MCAI indicates that lending standards are tightening, while in... (read more) Housing News November Delinquencies at Lowest Levels Since June Mortgage delinquencies are continuing a slow retreat into pre-pandemic territory. CoreLogic's Loan Performance Report for November put the percentage of loans that were 30 or more days past due, including those in foreclosure at 5.9 percent. While th... (read more) MBS Commentary MBS Live Recap: CPI and 10yr Auction Make a Case For a Near-Term Rate Ceiling CPI and 10yr Auction Make a Case For a Near-Term Rate Ceiling NOTE: charts look weak this morning despite strong MBS due to THE ROLL. See the 2nd half of the Day Ahead for another useful chart.  Bonds st... (read more) Housing News Buyers and Sellers Both More Upbeat in 2021 Consumers expressed more positive sentiments toward the housing market as 2021 arrived, sending Fannie Mae's Home Purchase Sentiment Index (HPSI) a bit higher. The most significant gains came from increased optimism about the climate for selling a ho... (read more) Mortgage Rate Watch Mortgage Rates Slightly Higher Mortgage Rates were steady to slightly lower yesterday even though prevailing trends in the bond market suggested caution. Today's trading is a different story. Granted, there haven't been any huge, dramatic moves, but today's bond market weakness ad... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.82% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.82% +0.03 0.00 15 Yr. Fixed 6.03% +0.04 0.00 30 Yr. FHA 6.35% +0.05 0.00 30 Yr. Jumbo 6.90% +0.03 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.37% +0.06 0.00 Updates Daily - Last Update: 7/11 15 Yr. Fixed Rate 6.03% +0.04% Rate Change Points Freddie Mac 30 Yr. Fixed 6.72% +0.05 0.00 15 Yr. Fixed 5.86% +0.06 0.00 Updates Weekly - Last Update: 7/10 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries UMBS 30YR 5.5 99.33 -0.14 Price / Yield Change MBS UMBS 5.5 99.33 -0.14 UMBS 6.0 101.23 -0.03 GNMA 5.5 99.66 -0.18 GNMA 6.0 101.31 -0.07 Pricing as of: 7/12 9:07AM EST 10 Year US Treasury 4.4083 +0.0615 Price / Yield Change US Treasury 2 YR Treasury 3.901 +0.024 5 YR Treasury 3.971 +0.036 7 YR Treasury 4.179 +0.053 10 YR Treasury 4.408 +0.062 30 YR Treasury 4.955 +0.085 Pricing as of: 7/12 9:07AM EST Latest Video We are not thinking about shrinking the balance sheet: Fed's Powell Fiscal policy an essential tool for this situation: Powell Lumber prices surge 'through the roof,' up 113% year-over-year The Bond Report - 9am - February 10, 2021 Around the Web Reuters Fed's Powell calls for broad national drive to full employment Reuters U.S. January budget deficit hits record $163 billion as new aid checks sent out CNBC Watch Fed Chair Jerome Powell speak live to the Economic Club of New York CNBC Fed Chair Powell, citing bleak jobs picture, says policy will need to stay 'patiently accommodative' CNBC House panel advances $15 minimum wage as Democrats try to include it in Covid relief bill Reuters Wall Street opens at record levels ahead of Powell talk Calculated Risk Blog BLS: CPI increased 0.3% in January, Core CPI Unchanged CNBC Treasury yields rise slightly ahead of Fed chair speech Fannie Mae Fannie's DU Release Notes For March 13th Update (DTI, Self-Employment, PIWs, Etc.) Reuters In meeting with business leaders, Biden backs stricter income limits for stimulus checks Reuters 62.9 million doses of COVID-19 vaccines delivered, 43.2 million administered: U.S. CDC CNBC Biden and Yellen to meet with CEOs of JPMorgan, Walmart, Gap to talk stimulus CNBC A return to the office for workers may be coming as vaccinations increase

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