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Mortgage Credit Tightened in February

Mortgage News > Mortgage Credit Tightened in February
Date: 03/11/2020    Mortgage Credit Tightened in February

Mortgage credit availability tightened in February, according to the Mortgage Bankers Association. The MBA credit availability index slipped 0.3% to 181.3 last month. Increases in the index indicate a loosening of mortgage credit while decreases mean mortgages are harder to obtain. The recent dip may be a response to the large upswing in refinance demand as mortgage rates have plummeted.

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