Credit Availability Increases as Mortgage Rates Move Higher
Investopedia, Feb. 7, 2018–Donna Fuscaldo
Mortgage rates may be on the rise, but when it comes to lending standards, they are loosening, increasing the availability of mortgage credit. According to the Mortgage Bankers Association, the Mortgage Credit Availability Index, or MCAI, increased by 2.1% in January to 182.9.
