U.S. mortgage credit availability increased by 0.7% in October 2024, reaching an index level of 99.2, according to the Mortgage Credit Availability Index (MCAI) report. The Conventional MCAI rose by 1.0%, while the Government MCAI saw a 0.4% increase. The Jumbo MCAI grew by 1.2%, and the Conforming MCAI increased by 0.9%. Despite these gains, overall credit supply remains limited, primarily benefiting specific borrower segments, including cash-out refinances and loans with lower loan-to-value ratios and higher credit scores.
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