This document provides an overview of the May 2021 real estate market in Maricopa County, Arizona. It includes the following key points: - The housing shortage is due to a long-term decline in new single-family home construction since 1970. This has reduced the supply of affordable starter homes. - Housing inventory levels are down 53% year-over-year as demand remains strong, with homes going under contract in just 18 days on average compared to 29 days last year. - Most forecasts predict housing inventory will not start growing again until late 2022 or 2023 as builders work to increase new home construction rates to meet demand. - Mortgage rates remain historically low around 3% and are

1. MAY 2021
RealPulseAZ
“The Beat Of The AZ Housing Market Direct To You”
Nathan Holman – MaricopaCountyLiving.com

2. “The main driver of the housing
shortfall has been the long-term
decline in the construction of
single-family homes…That decline
has resulted in the decrease in
supply of entry-level single-family
homes or, "starter homes.”
Sam Khater
Vice President and Chief Economist
at Freddie Mac

3. 11M
9.8M
10.7M
12.6M
6.5M
1970-1979 1980-1989 1990-1999 2000-2009 2010-2019
Single-Family Housing Units Completed by Decade
Census
not seasonally adjusted

4. Google reported last
week that the search
question “When is the
housing market going to
crash?” spiked 2,450% in
the past month.

5. -53%
40%
-60%
-40%
-20%
0%
20%
40%
60%
Total Listings
New Listings
move.com
Year-Over-Year Change in Listings

6. 1,210,000
1,240,000
1,290,000 1,310,000
880,000 870,000 870,000
900,000
December January February March
2020 2021
Inventory Levels - SFH
NAR

7. “Demand remains strong as home
buyers are snatching listings quickly
off the MLS, and it takes
approximately 18 days for a home
to go from listing to a contract in
the current housing market. A year
ago, it took 29 days.”
NAR

8. 10%
43%
26%
12%
9%
1st Half of 2021 2nd Half of 2021 1st Half of 2022 2nd Half of 2022 2023 or Later
Pulsenomics
When Will U.S.
Housing Inventory
Grow Again?
Survey of
economists

9. 1. Our home no longer meets our needs
2. We can make a profit in the current market
3. We want a smaller house/less work
4. We want to live closer to friends and family
5. We want different features and amenities
TOP 5 REASONS HOMEOWNERS
PLAN TO SELL THIS YEAR
from a recent realtor.com survey

10. 10%
11%
13%
15%
16%
Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021
NAH
Prospective Homebuyers Planning
To Buy a Home in Next 12 Months
16% of American adults are considering the purchase of
a home in the next 12 months according to NAHB’s
Housing Trends Report for Qtr1’21. That’s
six points higher than the 10% with similar
plans a year earlier.

11. $55,750
$70,050
2020 Q1 2021 Q1
ATTOM Data Resources
Average Profit for Home
Sellers Increased 26%

12. This “is not a bubble.
It is simply
lack of supply.”
Lawrence Yun
Chief Economist at NAR

13. FORBEARANCE
UPDATE

14. 4.76 4.73
4.66
4.6
4.68
4.58
4.14 4.12 4.12 4.1
4
3.93 3.93 3.93
3.8
3.72 3.69
3.59 3.62
2.97 2.99 2.97
3.01
2.86
2.74 2.77 2.79 2.76 2.75
2.79 2.8 2.83
2.74 2.73 2.76 2.76
2.72
2.67 2.69 2.71 2.69
2.61 2.59 2.57 2.54
2.31 2.31 2.31
5/29 7/3 8/7 9/4 10/2 11/6 12/4 1/1/2021 2/5 3/5 4/2
McDash Flash Forbearance Tracker
The number of mortgages in active
forbearance unchanged for last 3 weeks
in millions

15. 2.71 2.69
2.61 2.59 2.57 2.54
2.31 2.31 2.31
2/26 3/5 3/12 3/19 3/26 4/2 4/9 4/16 4/23
McDash Flash Forbearance Tracker
400K Mortgages Left Forbearance
in Last Two Months
in millions

16. Upon exit from forbearance plan:
47.3% were paid in full
36.5% worked out
repayment plan
16.2% were still
in trouble
25.4%
7.5%
14.4%
26.9%
9.6%
14.6%
Made their monthly
payments during their
forbearance period
Loan deferral
Past due
payments were
brought current
Loan paid
off
Modification
No loss
mitigation
plan
1.6% Repayment plans,
short sales, deed-in-lieus
MBA
Cumulative forbearance exits
for the period from June 1, 2020
through April 18, 2021

17. 52.4
47.3
32.5
36.5
15.2 16.2
3-Jan 10-Jan 17-Jan 24-Jan 31-Jan 7-Feb 14-Feb 21-Feb 28-Feb 7-Mar 14-Mar 21-Mar 28-Mar 4-Apr 11-Apr 18-Apr
Are Paid in Full Have Worked Out a Plan Are Still in Trouble
Upon leaving forbearance, % of borrowers who…
MBA

18. “I think the math speaks for itself
how well the forbearance program
has worked, and it’s one of the few
times in my career that I have seen
a government-initiated program
adopted as well and executed as
well by the industry as this one.”
Rick Sharga
EVP of RealtyTrac

19. “Consumers were more upbeat
about their income prospects last
month—and many appear eager to
spend. The survey found 8.9% of
Americans plan to buy a home in the
next six months, the biggest share in
records going back to 1978.”
Wall Street Journal

20. 2.50
2.70
2.90
3.10
3.30
3.50
3.70
3.90
2020 2/6 3/5 4/2 5/7 6/4 7/2 8/6 9/3 10/1 11/5 12/3 2021 2/4 3/4 4/1
Freddie Mac
Mortgage Rates
Freddie Mac 30-Year Fixed Rate
January 2020 – Today
2.98%

21. Mortgage Rate Projections
Quarter
Freddie
Mac
Fannie
Mae
MBA NAR
Average
of All Four
2021 3Q 3.3 3.3 3.6 3.2 3.35%
2021 4Q 3.4 3.4 3.7 3.4 3.47%
2022 1Q 3.5 3.5 3.9 3.5 3.6%
2022 2Q 3.6 3.5 4.1 3.5 3.67%

22. 2016
Q1
2016
Q2
2016
Q3
2016
Q4
2017
Q1
2017
Q2
2017
Q3
2017
Q4
2018
Q1
2018
Q2
2018
Q3
2018
Q4
2019
Q1
2019
Q2
2019
Q3
2019
Q4
2020
Q1
2020
Q2
2020
Q3
2020
Q4
2021
Q1
2021
Q2
2021
Q3
2021
Q4
2022
Q1
2022
Q2
2022
Q3
2022
Q4
Rate 3.7 3.6 3.5 3.8 4.2 4.0 3.9 3.9 4.3 4.5 4.6 4.8 4.4 4 3.7 3.7 3.5 3.2 3.0 2.8 2.9 3.2 3.3 3.4 3.5 3.6 3.7 3.8
Freddie Mac
Mortgage Rates
Freddie Mac
30-Year Fixed Rate
- Actual
- Projected
2016
2017
2018
2019
2020
2022
2021

23. 6.8% Average of all forecasts
10.3%
8%
7%
6.6% 6.6%
5.7%
3.5%
MBA Fannie Mae Zelman Freddie Mac NAR realtor.com CoreLogic
Home Price Forecasts 2021

24. 6.9M
6.5M
7.1M
6.7M
7.3M
7.5M
2021 2022
Fannie Mae Freddie Mac MBA
Home Sales Forecasted to Increase
Nicely in 2021 and Do Well in 2022
2020 Total Home Sales 6.5M

25. “Perception is strong and sight weak.
In strategy it is important
to see distant things as if they were close
and to take a distanced view of close things.”
Miyamoto Musashi
Legendary Japanese Swordsman & Philosopher

26. Summer 2021 Buyer & Seller Guides
Available June 4th

27. Resources
Slide Slide Title Link
2 Khater Quote
http://www.freddiemac.com/perspectives/sam_khater/20210415_single_family_shortage.pag
e
3 New Construction
https://www.census.gov/econ/currentdata/dbsearch?program=RESCONST&startYear=1959&e
ndYear=2020&categories=COMPLETIONS&dataType=SINGLE&geoLevel=US&notAdjusted=1&su
bmit=GET+DATA&releaseScheduleId=
4 Google Searches
https://www.cnbc.com/2021/04/13/when-is-the-housing-market-going-to-crash-consumers-
ask.html
5 YOY Change in Listings https://www.realtor.com/research/tag/housing-inventory/
6 Inventory Levels
https://cdn.nar.realtor/sites/default/files/documents/ehs-02-2021-single-family-only-2021-03-
22.pdf
7 NAR Quote
https://www.nar.realtor/blogs/economists-outlook/march-2021-existing-home-sales-drop-
while-prices-continue-to-climb
8 Inventory Growth Projections https://pulsenomics.com/wp-content/uploads/2021/04/Q1_2021_Special_Report.pdf
9 Reasons to Sell https://www.realtor.com/research/potential-sellers-boost-housing-2021/
10 Prospective Homebuyers https://eyeonhousing.org/2021/04/covid-19-continues-to-fuel-desire-for-homeownership/
11 Profit for Sellers
https://www.attomdata.com/news/market-trends/home-sales-prices/attom-data-solutions-q1-
2021-u-s-home-sales-report/
12 Yun Quote
https://www.axios.com/housing-boom-bubble-mortgage-50b573de-94f0-4d7c-a34d-
b2b40d9dc664.html
14, 15 Forbearance Rates https://www.blackknightinc.com/blog-posts/

28. Resources
Slide Slide Title Link
16, 17 Upon Exiting Forbearance https://www.mba.org/news-research-and-resources/newsroom
18 Sharga Quote https://www.housingwire.com/articles/cfpb-begins-cracking-down-on-mortgage-servicers/
19 WSJ Quote
https://economics.cmail20.com/t/ViewEmail/d/C1782F21C38163062540EF23F30FEDED/5323C
D85A2087AFD22947492D9797BBC
20 Mortgage Rates http://www.freddiemac.com/pmms | https://freddiemac.gcs-web.com/node/22646/pdf
21 Mortgage Rate Projections
http://www.freddiemac.com/research/forecast/20210414_quarterly_economic_forecast.page
https://www.fanniemae.com/media/38961/display
https://www.mba.org/news-research-and-resources/research-and-economics/forecasts-and-
commentary
https://cdn.nar.realtor/sites/default/files/documents/forecast-Q2-2021-us-economic-outlook-
04-29-2021.pdf
22 Freddie Mac Projection http://www.freddiemac.com/research/forecast/20210414_quarterly_economic_forecast.page
23 Price Forecasts
https://www.corelogic.com/insights-download/home-price-index.aspx |nar.realtor | mba.org
http://www.freddiemac.com/research/forecast/20210114_quarterly_economic_forecast.pagef
anniemae.com
https://news.move.com/2020-12-02-Realtor-com-R-2021-Housing-Forecast-Sellers-Will-Get-
Top-Dollar-As-Buyers-Struggle-with-Affordability
http://zillow.mediaroom.com/2020-12-18-Home-Value-Growth-Breaks-Records-as-Rents-
Stabilize
https://www.nar.realtor/newsroom/top-economic-and-housing-experts-predict-post-
pandemic-rebound-with-continued-job-growth-stable
https://www.redfin.com/news/housing-market-predictions-2021/
24 Homes Sales Forecast
https://www.mba.org/news-research-and-resources/research-and-economics/forecasts-and-
commentary | https://www.fanniemae.com/media/38961/display
http://www.freddiemac.com/research/forecast/20210414_quarterly_economic_forecast.page

30. Resources
Slide Slide Title Link
33, 53, 63 Confidence Index
https://www.nar.realtor/research-and-statistics/research-reports/realtors-confidence-
index
34-36, 44, 54-
58
Existing Home Sales https://www.nar.realtor/topics/existing-home-sales
37-40 New Home Sales
http://www.census.gov/construction/nrs/pdf/newressales.pdf
http://www.census.gov/newhomesales
http://www.census.gov/construction/nrs/pdf/newressales.pdf
41 Total Home Sales
http://www.census.gov/construction/nrs/pdf/newressales.pdf
https://www.nar.realtor/topics/existing-home-sales
42,43 Pending Home Sales
https://www.nar.realtor/research-and-statistics/housing-statistics/pending-home-
sales
48-50 Case Shiller
https://www.spglobal.com/spdji/en/indices/indicators/sp-corelogic-case-shiller-20-
city-composite-home-price-nsa-index/#news-research
51
CoreLogic Forecasted YOY %
Change in Price
https://www.corelogic.com/insights-download/home-price-index.aspx
54-60 Inventory
https://www.nar.realtor/topics/existing-home-sales
http://www.census.gov/construction/nrs/pdf/newressales.pdf

31. Slide Slide Title Link
62 Showing Activity https://www.showingtime.com/blog/march-2021-showing-index-results/
65,66,
68,69
Mortgage Rates
http://www.freddiemac.com/pmms/pmms_archives.html
http://www.freddiemac.com/research/forecast/
67 Mortgage Rate Projections
http://www.freddiemac.com/research/forecast/
http://www.fanniemae.com/portal/research-insights/forecast.html
https://www.mba.org/news-research-and-resources/research-and-
economics/forecasts-and-commentary
https://www.nar.realtor/research-and-statistics
71,72 Mortgage Credit Availability
https://www.mba.org/news-research-and-resources/newsroom
https://www.mba.org/news-research-and-resources/research-and-economics/single-
family-research/mortgage-credit-availability-index
73-77
Days To Close, FICO Scores,
DTI
http://www.elliemae.com/resources/origination-insight-reports
Resources

33. Average Days on the Market
NAR

34. Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021
Since January 2014
EXISTING
Home Sales
NAR

35. 12.3%
16.9%
0.8%
15.9%
15.5%
U.S. Northeast Midwest South West
EXISTING Home Sales
NAR
Y-O-Y by region

36. January February March April May June July August September October November December
2019 2020 2021
Existing Home Sales
in thousands
NAR

37. January February March April May June July August September October November December
2019 2020 2021
New Home Sales in thousands
Census

38. Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan 2020 Jan 2021
Census
New Home Sales
annualized in thousands

39. 3%
35%
29%
15%
13%
5%
Under $150K $150-$199K $200-299K $300-$399K $400-$499K $500-$749K Over $750K
New Home Sales
% of distribution by price range
Census
*
* Less than 500 units or less than 0.5 percent

40. EXCLUSIVE Seller SEMINAR &
Key Subject Guides

41. 3.3
3.7
3.9
3.8
3.7
3.3
3.1
2.9 2.9
2.7
3.0
3.2 3.2
3.63.6
3.4
3.5
3.6
3.4
3.2
3.5
3.1
3.2
3.0
3.4 3.4 3.4
3.3
3.6
4.2
4.3
4.5 4.5
4.2
4.0
3.6
3.2
3.6 3.6
Jan-18 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan-19 Feb Mar Apr May Jun Jul Aug sep Oct Nov Dec Jan-20 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan-21 Feb mar
New Homes Selling Fast
(median months from completion to sold)
Census

42. Census & NAR
376
398
475
426 436
586
682
641 640 651
554
601
443 436
581
January February March April May June July August September October November December
2020 2021
Total Home Sales in thousands

43. January
2014
January
2015
January
2016
January
2017
January
2018
January
2019
January
2020
January
2021
100 = Historically Healthy Level
PENDING Home Sales
since 2014
NAR

44. 13.3%
16.7%
14.1%
27.9%
29.8%
U.S. Northeast Midwest South West
Pending Home Sales Year-Over-Year By Region
NAR

45. Jan
2012
Jan
2013
Jan
2014
Jan
2015
Jan
2016
Jan
2017
Jan
2018
Jan
2019
Jan
2020
Jan
2021
Percentage of
Distressed Property Sales
35%
January 2012 - Today
1%
4%
NAR
Distressed sales – foreclosures and short sales –
represented less than 1% of sales in March.

46. Home Prices

47. 17.2%
21.4%
13.5%
15.6%
16.8%
U.S. Northeast Midwest South West
Y-O-Y by region
EXISTING Home Prices
NAR

48. -15.3% -10.2%
20.9%
56.6%
82.0%
107.8%
$0-100K $100-250K $250-500K $500-750K $750K-1M $1M+
% -15.3% -10.2% 20.9% 56.6% 82.0% 107.8%
% Change in Sales
from last year by Price Range
NAR

49. Year-Over-Year
PRICE
CHANGES
Case Shiller
S&P Case Shiller
Jun 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021

50. Jan
2014
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Jan
2015
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Jan
2016
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Jan
2017
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Jan
2018
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Jan
2019
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Jan
2020
Feb
Mar
Apr
May
Jun
Jul
Ago
Sept
Oct
Nov
Dec
Jan
2021
Feb
S&P Case Shiller
Year-Over-Year PRICE CHANGES
20CityComposite
Case Shiller

51. 3.9% 4.0%
3.6% 3.5%
4.1%
5.3%
6.6%
8.0%
9.2%
10.2%
11.1%
11.9%
Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2021 Feb
Year-Over-Year PRICE CHANGES
20CityComposite
Case Shiller
S&P Case Shiller

52. CoreLogic
11.3%
3.5%
Current Forecast
Year-Over-Year % Change in Price

53. HOUSING
INVENTORY

54. Seller Traffic Index
NAR

55. 1.5
2.5
3.5
4.5
5.5
6.5
7.5
8.5
9.5
10.5
January
2011
January
2012
January
2013
January
2014
January
2015
January
2016
January
2017
January
2018
January
2019
January
2020
January
2021
Months Inventory of
HOMES FOR SALE
2011 - Today
NAR

56. 3.8
3.6
3.8
4.2
4.3 4.3
4.2
4.0 4.0
3.9
3.7
3.0
3.1 3.1
3.3
4.0
4.6
3.9
3.1
3.0
2.7
2.5
2.3
1.9 1.9
2.0
2.1
Jan-19 Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan-20 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan-21 Feb Mar
Months Inventory of
HOMES FOR SALE
last 2 years
NAR

57. 4.0
4.6
3.9
3.1
3.0
2.7
2.5
2.3
1.9 1.9
2.0
2.1
Apr May June July Aug Sept Oct Nov Dec Jan-21 Feb Mar
Months Inventory of HOMES FOR SALE
Last 12 Months
NAR

58. January
2014
January
2015
January
2016
January
2017
January
2018
January
2019
January
2020
January
2021
% 7. 5. 3. 6. 6. 5. 5. 4. 6. 5. 5. -0 -0 -0 2. -0 1. 0. -4 -1 -3 -4 -1 -3 -2 -1 -1 -3 -9 -5 -5 -1 -6 -1 -9 -6 -7 -6 -6 -9 -8 -7 -9 -6 -6 -1 -9 -1 -9 -8 -7 -6 -6 0. 0. 2. 1. 2. 4. 6. 4. 2. 2. 1. 2. 0. -1 -2 -2 -4 -5 -9 -1 -9 -1 -1 -1 -1 -2 -1 -1 -1 -2 -2 -2 -2 -2
Year-over-Year
Inventory Levels
NAR

59. HOUSING SUPPLY
Year-Over-Year
-19.7%
-18.8%
-18.2%
-21.1%
-18.6%
-19.2%
-19.8%
-22.0%
-23.8%
-25.7%
-29.5%
-28.2%
Apr May June Jul Aug Sept Oct Nov Dec Jan 2021 Feb Mar
Last 12 Months
NAR

60. 6.1
4.8
3.8
3.4 3.5
3.7 3.7
4.8 4.8
3.9
4.4
3.2
Apr May Jun Jul Aug Sept Oct Nov Dec Jan 21 Feb Mar
New Home Inventory
Last 12 Months
Census
months supply
Not seasonally adjusted

61. New Home Inventory
months supply
Census
5.6
5.1
5.6
6.1
4.8
3.8
3.4
3.5
3.7 3.7
4.8 4.8
3.9
4.4
3.2
ene feb mar abr mayo jun jul ago sept oct nov dic
2020 2021

62. BUYER
DEMAND

63. 111.3%
125.7% 124.1%
109.3%
131.9%
U.S. Northeast Midwest South West
Year-Over-Year Increase in Showing Activity
“Buyers continued their frenzied pace in March despite limited
inventory, with 129 markets recording double-digit showings per
listing compared to the previous high of 82 markets in February.”
- ShowingTime

64. Buyer Traffic Index
NAR

65. INTEREST
RATES

66. Freddie Mac
Mortgage Rates
Freddie Mac 30-Year Fixed Rate
2018
2/1
3/1
4/5
5/3
6/7
7/5
8/2
9/6
10/4
11/1
12/6
2019
1/31
3/7
4/4
5/2
6/6
7/3
8/1
9/5
10/3
11/7
12/5
2020
2/6
3/5
4/2
5/7
6/4
7/2
8/6
9/3
10/1
11/5
12/3
2021
2/4
3.95%
2.98%

67. 30-Year Fixed
Rate Mortgages
from Freddie Mac
Freddie Mac
1/7/16
2/4
3/3
4/7
5/5
6/2
7/7
8/4
9/1
10/6
11/3
12/1
1/5/2017
2/2
3/2
3/30
4/27
5/25
6/22
7/20
8/17
9/14
10/12
11/9
12/7
1/4/2018
2/1
3/1
4/5
5/4
6/7
7/5
8/2
9/6
10/4
11/1
12/6
1/3/2019
1/31
3/7
4/4
5/2
6/6
7/3
8/1
9/5
10/3
11/7
12/5
1/2/2020
2/6
3/5
4/2
5/7
6/4
7/2
8/6
9/3
10/1
11/5
12/3
1/7/2021
2/4
3/4
4/1
3.97%
2.98%

68. Mortgage Rate Projections
Quarter
Freddie
Mac
Fannie
Mae
MBA NAR
Average
of All Four
2021 3Q 3.3 3.3 3.6 3.2 3.35%
2021 4Q 3.4 3.4 3.7 3.4 3.47%
2022 1Q 3.5 3.5 3.9 3.5 3.60%
2022 2Q 3.6 3.5 4.1 3.5 3.67%

69. 2016
Q1
2016
Q2
2016
Q3
2016
Q4
2017
Q1
2017
Q2
2017
Q3
2017
Q4
2018
Q1
2018
Q2
2018
Q3
2018
Q4
2019
Q1
2019
Q2
2019
Q3
2019
Q4
2020
Q1
2020
Q2
2020
Q3
2020
Q4
2021
Q1
2021
Q2
2021
Q3
2021
Q4
2022
Q1
2022
Q2
2022
Q3
2022
Q4
Rate 3.7 3.6 3.5 3.8 4.2 4.0 3.9 3.9 4.3 4.5 4.6 4.8 4.4 4 3.7 3.7 3.5 3.2 3.0 2.8 2.9 3.2 3.3 3.4 3.5 3.6 3.7 3.8
Freddie Mac
Mortgage Rates
Freddie Mac
30-Year Fixed Rate
- Actual
- Projected
2016
2017
2018
2019
2020
2021
2022

70. 2018
2/1
3/1
4/5
5/3
6/7
7/5
8/2
9/6
10/4
11/1
12/6
1/3
2019
3/7
4/4
5/2
6/6
7/3
8/1
9/5
10/3
11/7
12/5
2020
2/6
3/5
4/2
5/7
6/4
7/2
8/6
9/3
10/1
11/5
12/3
2021
2/4
3/4
4/1
3.3
3.4
3.5
3.6
2021 Q3 2021 Q4 2022 Q1 2022 Q2
Freddie Mac
January 2018 – Today
Actual Interest Rates
Mortgage Rates
Freddie Mac
30-Year Fixed Rate
Where Are They Going?

71. Mortgage Credit Availability
YES NO MAYBE

72. Apr
2013
Jan
2014
Jan
2015
Jan
2016
Jan
2017
Jan
2018
Jan
2019
Jan
2020
Jan
2021
MBA
Mortgage Credit Availability Index (MCAI), a report
from the Mortgage Bankers Association
Mortgage Credit
Availability

73. 0
100
200
300
400
500
600
700
800
900
June 2004 June 2005 June 2006 June 2007 June 2008 June 2009 June 2010 June 2011 June 2012 June 2013 June 2014 June 2015 June 2016 June 2017 June 2018 June 2019 June 2020 Mar 2021
Historic Data for the
MORTGAGE CREDIT
AVAILABILITY INDEX
(a report from the Mortgage Bankers Association)
MBA

74. 42
45
47 47
49
51
54 55
58 58
53 52
Apr May June July Aug Sept Oct Nov Dec 21-Jan Feb Mar
Average Days To Close A Loan
All Closed Loans as per Ellie Mae
Last 12 Months

75. 749 750 751 750
752 753 753 752 751 752 753
751
Apr May Jun Jul Aug Sept Oct Nov Dec Jan 21 Feb Mar
All Closed Loans as per Ellie Mae
FICO® Score Requirements
Last 12 months

76. 0.02% 0.24%
5.78%
16.28%
22.39%
39.36%
15.93%
500-549 550-599 600-649 650-699 700-749 750-799 800+
FICO® Score
Distribution
All Closed Loans as per Ellie Mae
44.71%

77. Average FICO® Score
for Closed Purchase Loans
by Loan Type
All Closed Loans as per Ellie Mae
751
759
681
723
All Loans Conventional FHA VA

78. 35 35
43 41
All Loans* Conventional FHA VA
Average Back End DTI
for Closed Purchase Loans by Loan Type
All Closed Loans as per Ellie Mae

79. Nathan Holman
Tel Direct: 623-500-6553
Cell: 623-326-3162
email:
Nathan@HolmanGroupAZ.com
Web:
MaricopaCountyLiving.com
We Have Active Buyers In
Almost Every Metro City
Throughout Greater Phoenix
Area.
Contact Me For A Listing
Consultation with The
Buyers Identified For:
YOUR HOME!