August Shows Rise in Mortgage Credit Availability
Posted
August Shows Rise in Mortgage Credit Availability Recent news shows that mortgage credit availability increased in August, moving 0.5 percent to 126.1, which suggests a national loosening of credit. This news comes from the Mortgage Credit Availability Index (MCAI), a study from the Mortgage Bankers Association (MBA) which reports that the index was benchmarked to 100 in March 2012. Of the four component indices, the Jumbo MCAI saw the greatest loosening (up 0.7 percent over the month) followed by the Conventional MCAI (up 0.5 percent), the Government MCAI (up 0.4 percent), and the Conforming MCAI (up 0.3 percent).
Lauderdale by the Sea Craft Festival
Posted
August Shows Rise in Mortgage Credit Availability Recent news shows that mortgage credit availability increased in August, moving 0.5 percent to 126.1, which suggests a national loosening of credit. This news comes from the Mortgage Credit Availability Index (MCAI), a study from the Mortgage Bankers Association (MBA) which reports that the index was benchmarked to 100 in March 2012. Of the four component indices, the Jumbo MCAI saw the greatest loosening (up 0.7 percent over the month) followed by the Conventional MCAI (up 0.5 percent), the Government MCAI (up 0.4 percent), and the Conforming MCAI (up 0.3 percent).