Lynn Fisher

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Last quote by Lynn Fisher

For the year-to-date, the supply of credit has increased only modestly in the non-jumbo space, while it has expanded significantly among jumbo programs.feedback
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Oct 10 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Lynn Fisher is associated, including December, January, and rate. Most recently, Lynn Fisher has been quoted saying: “Mortgage credit availability increased slightly in August, driven by the expansion of credit among conforming and agency jumbo programs. Following the same pattern as last month, agency eligible adjustable rate mortgage loan programs continued to be updated in August to allow for higher loan-to-value ratios, effectively increasing the availability of credit.” in the article Fixed mortgage rates halt their downward march.
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Lynn Fisher quotes

Apr 06 2017

Credit availability increased in March driven by increased availability of jumbo loan programs and government loan programs. Led by a wave of adjustable-rate jumbo offerings, the Jumbo MCAI surged in March, more than offsetting its 4.4 percent decline in February, which was the first tightening of the … component index in 11 months. Increases observed in the Government MCAI were driven by increased availability of FHA's streamline refinance and 203 K home rehabilitation loan programs.feedback

Apr 05 2017

Markets appeared to hit pause last week, with little new information emerging about upcoming administrative or legislative policy changes.feedback

Mar 30 2017 - Affordable Care Act

Markets adjusted expectations last week as attempts to repeal and replace the Affordable Care Act stalled and bond yields declined. Refinance applications continued to wane, falling by nearly 3 percent and comprising the lowest share of refinance applications in our survey since October of 2008. As an early gauge of spring buying activity, purchase applications for the last four weeks were all higher than the corresponding week a year ago, up an average of 4.8 percent on a year over year basis.feedback

Mar 29 2017 - Affordable Care Act

Markets adjusted expectations last week as attempts to repeal and replace the Affordable Care Act stalled and bond yields declined. This pushed mortgage rates down for the first time in three weeks. As an early gauge of spring buying activity, purchase applications for the last four weeks were all higher than the corresponding week a year ago, up an average of 4.8 percent on a year-over-year basis.feedback

Mar 09 2017

Credit availability loosened slightly in February, due to the net result of two countervailing movements. The supply of credit increased as more investors offered affordable low down payment mortgages and streamlined documentation loans guaranteed by the Federal Housing Administration and the Veterans Administration. However, the impact of that increase on the overall index was partially offset by the first downturn in the availability of jumbo credit in a year due to the consolidation of some jumbo programs.feedback

Jan 25 2017

While this was the first rate increase in January, rates remain about 10 basis points lower than four weeks ago. Although it is still early in the homebuying season, purchase activity remains on par with a year ago, suggesting that recent wage growth of nearly 3 percent is helping to offset the increase in interest rates. This trend is also consistent with other reports of homebuying activity.feedback

Jan 11 2017 - Federal Reserve

Ten-year Treasury yields fell the week following New Year's Day as markets continue to adjust their expectations about the incoming administration and Federal Reserve policy.feedback

Dec 14 2016

While jumbo 30-year fixed rates have been a bit slower to increase compared to overall fixed rate mortgage rates in recent weeks, they increased 7 basis points last week to an average of 4.29 percent. At the same time, the average five-year ARM rate declined by 11 basis points to 3.28 percent, which may provide an alternative outlet for jumbo borrowers.feedback

Sep 14 2016

The purchase market remains supported by an improving U.S. labor market. Newly released data from the U.S. Census this week indicate that the median income increased by 5.2 percent last year, the highest rate of increase since 2007. Other recent but less comprehensive measures show wage growth continuing to strengthen in 2016.feedback

Aug 03 2016

Purchase application volume continues to run ahead of last year's pace, but after growing quite strongly in the first half of the year, the rate of improvement has decelerated this summer.feedback

May 25 2016

The release of the FOMC minutes mid-week led markets to reassess the likelihood of a rate increase this summer, pushing the average 30 year fixed rate up 3 basis points over the week. The overall refinance index held firm, although government refinance applications fell slightly.feedback

May 25 2016

Purchase applications got back on track last week, resuming the level of activity observed throughout most of April and May.feedback

May 11 2016

Despite expectations that rates would slowly rise this year, the 30-year fixed rate last week was 18 basis points lower than a year ago, continuing to provide a favorable rate environment for the housing market.feedback

Jan 13 2016

The good news for the new year is that following the holidays, application activity last week resumed at levels just exceeding those observed during early December, suggesting that the purchase market has picked up right where it left off.feedback

Jan 06 2016

Refinance application volume increased for three weeks in a row in early December ahead of the Fed's announcement that it was raising the federal funds rate. During the two weeks following their announcement, holiday-adjusted refinance activity dropped substantially, even though the 30-year fixed rate increased by only 4 basis points over the same period.feedback

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