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Mortgage Credit Availability Jumped to Highest Level in 10 Years

Mortgage News > Mortgage Credit Availability Jumped to Highest Level in 10 Years
Date: 11/06/2018    Mortgage Credit Availability Jumped to Highest Level in 10 Years

Lenders loosened their mortgage credit standards in October, according to data from the Mortgage Bankers Association. The MBA’s Mortgage Credit Availability Index rose to 186.7, up 2.5% from 182.1 in September and 181 in October 2017. That index reading indicates that there is now more mortgage credit available than at any time since the housing market crashed back in 2008. Lenders appear to be making credit standards slightly more attainable in order to accommodate increased demand among first-time home buyers.

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