Mortgage credit availability decreased 0.3% in June to a score of 119.6 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index.
Credit availability for conventional loans increased 1.2% while credit for government loans decreased 1.7%.
Of the component indices of the conventional index, credit for jumbo loans increased by 1.4% and credit for conforming loans increased 0.6%.
“Mortgage credit availability decreased slightly in June, as significantly higher mortgage rates compared to a
