Here’s Why It’s Suddenly Much Harder to Get a Mortgage, or Even Refinance

CNBC, Apr. 13, 2020–Diana Olick
Mortgage credit availability in March fell to the lowest level in five years, according to a survey by the Mortgage Bankers Association. Lenders cite a large drop in liquidity, as investors in jumbo mortgage-backed bonds pull back. Jumbo loans are those valued above the conforming loan limit of $510,400.