Mortgage credit rises thanks to more jumbo offerings

Mortgage credit rises thanks to more jumbo offerings

After coming in at its tightest in over a decade, residential lending credit loosened up marginally in March, thanks to greater offerings of jumbo and conventional products, according to the Mortgage Bankers Association. The Mortgage Credit Availability Index, an MBA...
Mortgage Demand Soars 28% as Rates Dip Slightly

Mortgage Demand Soars 28% as Rates Dip Slightly

The numbers: A dip in mortgage rates prompted mortgage demand to rise a seasonally adjusted 27.9% As mortgage rates dropped across the board, demand for both purchases and refinancing increased. That pushed the market composite index up, a measure of mortgage...