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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 ...

The combination of lower rates and a post-holiday business week made mortgage application activity during the week ended December 3 more than a little uneven. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, rose 2.0 percent on a seasonally adjusted basis from the week ended November 26, continuing the metronomic week-to-week swings that have been in place since early October. On an unadjusted basis, the Index increased 45 percent compared with Thanksgiving week. The Refinance Index increased 9 percent from the previous week...

The volume of mortgage applications dipped slightly during the week ended December 17, the second consecutive decline. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, declined by 0.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index was down 1 percent compared with the previous week. The Refinance Index increased 2 percent from the previous week and was 42 percent lower than the same week one year ago. The refinance share of mortgage activity increased to 65.2 percent of total applications from 63.3...

The U.S. mortgage market saw a brief (and probably temporary) spike in refinance activity earlier this month as homeowners looked to take advantage of a decline in mortgage rates....

The work-from-home trend has contributed to an increase in sales in some areas of the country.