Tagged: Mortgage Credit Availability

This month's credit availability decreased to its lowest level since January 2013.

MBA says credit tightening due to mortgage rates remaining high YOY.

Consumers also more optimistic that household income will grow.

The Mortgage Credit Availability Index increased, indicating loosening credit.

Higher rates and the worsening outlook for the housing market and economy cited for decline.

Fell to the lowest level since March 2013, following seven straight months of tightening credit.

Drop driven by lenders streamlining offerings; jumbo credit drops 13.4%.

The 0.3% decrease indicates that lending standards are constricting.

Credit availability continued to tighten in May, according to data from the Mortgage Credit Availability Index.

Second monthly drop driven by drop in government loan credit availability.