On The Market
By Nancy Puder

Mortgage credit availability increased in March, according to the Mortgage Credit Availability Index (MCAI) a  report issued by the Mortgage Bankers Association (MBA) which analyzes critical data generated by the mortgage industry.
This latest report indicates that the Mortgage Credit Availability Index increased in March by 2.3 percent showing yet another move forward in the healing of the housing market.  The loosening of mortgage credit guidelines is welcome news because more realistic guidelines are needed to bring into balance the “over-corrected” mortgage rules which emerged as a result of the crash of the mortgage market.
Contributing factors to this positive news is Freddie Mac’s introduction of the 97 LTV,  following Fannie Mae’s similar program in December, a general loosening of jumbo credit guidelines, continued expansion of  streamline refinancing offered by FHA and VA Interest Rate Reduction program and a stronger job market.
Homeowners and buyers should stay in touch with their mortgage lenders as some of the information previously received while researching mortgage options to purchase or refinance, may have changed.
If you have any questions concerning your property or on how to start the buying process, please contact me anytime at (805)710-2415.  I always enjoy hearing from you!

Nancy Puder is a real estate broker with Nancy Puder & Associates, the premier real estate boutique company in Arroyo Grande, CA. Nancy Puder is one of the largest listing brokers on the Central Coast. Readers may call or text Nancy (805)710-2415 with specific questions about their own property. To access other real estate articles written by Nancy Puder, go to www.nancypuderassociates.com or email