【World Property Journal】Mortgage Credit Availability in U.S. Increased in May

According to the Mortgage Bankers Association's latest Mortgage Credit Availability Index (MCAI), U.S. mortgage credit availability increased in May 2021.

The MCAI rose by 1.4 percent to 129.9 in May. 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 3.5 percent, while the Government MCAI decreased by 0.3 percent. Of the component indices of the Conventional MCAI, the Jumbo MCAI increased by 5.1 percent, and the Conforming MCAI rose by 1.6 percent.

READ MORE