After tightening for the prior two months, mortgage credit conditions were somewhat looser last month. Jumbo and government conditions eased most.
As of July, the Mortgage Credit Availability Index, a standardized quantitative index that is focused on credit conditions in home lending, was 165.3.
The index, which had been down each month since April, reversed course and rose from 163.7 in June — an indication that credit conditions eased.
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From:: Financing