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Five Minute Maturity – 04/19/2021

Good morning, ladies and gentlemen, and welcome back for another week! We do not have any housing data today, but we do have an interesting story from across the pond. UK lenders are now writing home loans with 5% down payments. This government-backed plan makes...

Five Minute Maturity – 04/16/2021

Good morning ladies and gentlemen, and happy Friday! This morning, the U.S. Census Bureau released housing starts and building permits for the month of March. After rather dismal readings in February, the street was expecting a significant rebound. They ended up...

Five Minute Maturity – 04/14/2021

Good morning and happy hump day. We’re back to mortgage-related news today, with Mortgage Applications for the week ended April 9th released at 6:00 a.m. central time. We went into this release with more interest than normal because of the -5.1% reading for the prior...

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...