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Mortgage Credit Loosened in July

Mortgage News > Mortgage Credit Loosened in July
Date: 08/22/2018    Mortgage Credit Loosened in July

Mortgage credit was more available in July, according to the Mortgage Bankers Association, as demand for jumbo loans continued to increase. The MBA’s Mortgage Credit Availability Index rose 1.7% in July to 184.1. An increase indicated looser credit standards. Conventional and jumbo loans increased in credit availability in July but government mortgage loan credit tightened. 

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