Tuesday, 9 August 2022 | The Latest Buzz for the Appraisal Industry

Mortgage Credit Availability Tightened in June

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

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