MBA: Mortgage Credit Availability Flat in April

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Mortgage credit availability was flat in April, thus the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI) remained unchanged at a score of 102.9. 

A decline in the MCAI indicates that lending standards are tightening, while increases are indicative of loosening credit. The index was benchmarked to 100 in March 2012.

MBA: Mortgage Credit Availability Flat in April

Credit availability for conventional and government loans remained unchanged. Credit for jumbo loans decreased by 0.1% while credit for conforming loans increased by 0.2%.

“Credit availability was unchanged in April following a sizable increase in March,” says Joel Kan, vice president and deputy chief economist for the MBA, in a release. “Overall levels of credit supply remain tight but have generally grown since 2023, as lenders continue to offer cash-out refinance loan programs as well as jumbo and non-QM loans. Lenders remain positioned for potential refinance opportunities as mortgage rates continue to fluctuate.”

Photo: Breno Assis

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