Mortgage Credit Standards Loosened in June

Mortgage Credit

Mortgage credit was slightly easier to come by in June, according to the Mortgage Bankers Association. The MBA’s Mortgage Credit Availability Index inched up 0.2% last month, fueled by continued demand for jumbo home loans. And although mortgage credit standards have eased gradually throughout 2019, the MBA forecasts a stabilization in those levels now that mortgage rates have declined and home price growth has stalled in many major markets.