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Conventional, Jumbo Loan Availability Accelerating
Thursday, August 6, 2015
Credit availability increased in July, resuming an almost
continuous rise that started last fall.
The Mortgage Bankers Association said its Mortgage Credit Access Index
(MCAI) rose 3.5 points or 2.9 percent from June to 125.5. The index had risen every month since last
October but suffered a slight setback in June, declining by 0.6 points. The Index is nearly 10
points higher than at the beginning of this year.
in the MCAI indicates that lending standards are tightening, while increases in
the index are indicative of a loosening of credit. The index was
benchmarked to 100 in March 2012.
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