Mortgage credit availability fell in July, sinking to its lowest level since 2013, according to the Mortgage Bankers Association’s Mortgage Credit Availability Index. The MCAI dropped by 0.3% to 96.3. Declines indicate that lending standards are tightening, while increases show loosening credit. The index was benchmarked to 100 in March 2012. The Conventional MCAI fell…
Mortgage credit availability dropped to its lowest level since March 2013 in September, according to the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). The MCAI fell by 5.4% to a reading of 102.5 last month. This is the seventh straight month of tightening lending standards. The Conventional MCAI fell 4.9%. Its component indices…
Mortgage credit availability dropped in May to a reading of 120, according to the Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI). It is the third straight month of decline, and this reading is the lowest level since July 2021. The MCAI analyzes data from ICE Mortgage Technology. A decline in the MCAI shows lending…
Mortgage credit availability fell in January after inching up in December, falling to its lowest level since August 2021, according to the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). The MCAI dropped by 0.9% to 124.8 in January, wiping out December’s 0.8% increase. This indicates that lending standards are tightening, while increases show…
Mortgage credit availability shrank in November, falling by 0.6% to 124.9, according to the Mortgage Banker Association’s (MBA) Mortgage Credit Availability Index (MCAI). The Conventional MCAI rose by 1.9% but was offset by the Government MCAI dropping 2.7%. Within the Conventional MCAI, the Jumbo MCAI rose by 3% and the Conforming MCAI rose by 0.2%….
The mortgage credit market got a little looser in April, according to a new report released Tuesday by the Mortgage Bankers Association. The Mortgage Credit Availability Index climbed 2.2 percent to 128.1 last month, MBA said. The Conventional MCAI increased 4.8 percent, while the Government MCAI increased by 0.1 percent. Of the component indices of…
Mortgage credit availability didn’t budge last month – and remained tight amid the Covid-19 pandemic, according to a report released by the Mortgage Bankers Association. The Mortgage Credit Availability Index remained unchanged at 124.6 in February. The Conventional MCAI decreased 0.3 percent, while the Government MCAI increased by 0.3 percent. Of the component indices of…
Mortgage credit availability remained largely steady in December, with credit tightening by just a fraction of a percentage point, according to a report released Tuesday by the Mortgage Bankers Association. The Mortgage Credit Availability Index decreased 0.1 percent to 122.1 last month, with the Conventional MCAI decreasing 2.8 percent and the Government MCAI increasing 2.1…
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