Mortgage credit availability decreases for a second straight month
Mortgage credit availability inched downward for a second straight month in January, as jumbo products decreased and other categories came in flat. The Mortgage Bankers Association Mortgage Credit Availability Index dropped 0.1% from December to a reading of 103.2 from 103.3, with a lowering of the score a sign of tightening. The score was determined … [Read more…]