Mortgage Credit Availability Hits Seven-Month High Amid Tight Supply

MPA, Nov. 18, 2024-Candyd Mendoza
Mortgage credit availability rose in October, reaching its highest level since April 2023, according to the Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers Association (MBA). While this signals a slight loosening of credit conditions, access to mortgages remains limited, with overall credit levels hovering near historic lows seen during 2011-2013.
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