Due to Low Refinance Applications Mortgage Credit Availability Dips by 0.9%

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In: Refinance News

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The availability of mortgage loans has been declining for three consecutive months, largely due to a decline in refinancing loans, according to the monthly mortgage availability index (MCAI), which fell by 0.9% to 120%. May, the lowest level since JulyContinue Reading

Mortgage Credit Availability Increased In September

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In: Mortgage News

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The Mortgage Banker Association’s Mortgage Credit Availability Index (MCAI) stated that there has been improvement in Mortgage credit availability in September The MBA said that the MCAI rises 1.5% to 125.6 in September.  The report looks over data from Ellie Mae’s AllRegsContinue Reading

MBA Reports of 30% fall in Mortgage Credit Availability

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In: Mortgage News

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Last updated on February 2nd, 2021 at 05:19 pmAccording to the Mortgage Bankers Association, Mortgage credit availability is continuously declining, tightening to the lowest level since April 2014. The MBA’s Mortgage Credit Availability Index decreased for the seventh straight month, slidingContinue Reading