Mortgage Credit Availability Unchanged in February

Mortgage credit availability remained unchanged in February and held near its lowest level in six years, the Mortgage Bankers Association reported this morning.

Mortgage Credit Availability Unchanged in February

Mortgage credit availability remained unchanged in February and held near its lowest level in six years, the Mortgage Bankers Association reported this morning.

MBA Chart of the Week Mar. 5 2021: FHFA Purchase-Only Index

The rate of U.S. home-price appreciation continues to be driven higher by a combination of strong demand for housing and record-low housing inventory for sale. The Federal Housing Finance Agency’s most recent release showed the fourth quarter saw annual home-price growth of 10.9 percent –the strongest annual change on record. The previous high was an increase of 10.7 percent in third quarter 2005.