Mortgage credit availability increased in April, rising 2.2% compared with March to reach a score of 128.1 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
Credit availability for conventional loans increased 4.8% while credit for government loans increased by 0.1%.
Credit availability for jumbo loans increased 6.9% while credit conforming loans rose by 12.6%.
“Credit availability rose in April, fueled by a 5 percent increase in conventional mortgage credit, as well
