Credit Availability at Lowest Level Since 2013

August 9, 2022 Kyle G. Horst

The amount of credit that mortgage applicants have, as measured by the Mortgage Bankers Association (MBA) in the Mortgage Credit Availability Index (MCAI) decreased by month’s end by 9% to an index value of 108.8.  When the MCAI declines, it is indicative that lenders are tightening their standards making it harder for consumers to get ...

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