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Mortgage Credit Availability in U.S. Upticks in August

worldpropertyjournal.com
 2021-09-10

Cover picture for the articleThe Mortgage Bankers Association latest Mortgage Credit Availability Index (MCAI) revealed this week U.S. mortgage credit availability increased in August 2021. The MCAI rose by 3.9 percent to 123.7 in August. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The index was benchmarked to 100 in March 2012. The Conventional MCAI increased 7.6 percent, while the Government MCAI increased by 1.1 percent. Of the component indices of the Conventional MCAI, the Jumbo MCAI increased by 9.4 percent, and the Conforming MCAI rose by 5.1 percent.

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