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Five Minute Maturity – 04/12/2021

Good morning, ladies and gentlemen, and welcome back for another week! We do not have any housing news this morning, but we do have trouble brewing in the sub-prime auto market. Prior to COVID-19, getting a car loan was about as easy as walking up to a lender and...

Five Minute Maturity – 04/09/2021

Good morning! Last month, the MBA’s Mortgage Credit Availability Index (MCAI) increased 0.6% to 125.4. The onset of the pandemic resulted in a significant pullback in mortgage credit, so the rise in the MCAI shows relaxation on the part of lenders. The most notable...

Five Minute Maturity – 04/07/2021

Good morning and happy hump day. We finally got back to scheduled housing releases this morning, as Mortgage Applications for the week ended April 2nd were released at 6.00 a.m. central time and extended the recent weather slowed trend to -5.1%. The last two prior...

Five Minute Maturity – 04/05/2021

Good morning, ladies and gentlemen, and welcome back! Over the last year, we have been tracking the rapid rise in home prices, often citing low inventory, high buyer demand, and expensive building materials as the primary causes. However, there is another contributing...

Five Minute Maturity – 04/02/2021

Good morning and happy Friday! Yesterday afternoon, Ward’s total vehicle sales for the month of March came in at an annualized rate of 17.75 million units, a significant jump from February’s 15.67 million units. The street was expecting a much more moderate increase...