Job Gains Down in Q2 Mortgage Employment Index

After easing to the loosest level in nearly a decade, home lending credit conditions tightened last month. It was jumbo credit that led the constriction.

The Mortgage Credit Availability Index, a standardized quantitative index for mortgage credit, came in at 181.0 for the month of October.

That turned out to be a decline from 181.4 the preceding month — when the index ascended to the highest level for the index since at least 2008.

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From:: Financing