Real estate
fromwww.housingwire.com
4 days agoMortgage credit availability edges higher in March
Government MCAI increased by 1.7% in March, indicating a rise in mortgage credit availability across various loan types.
Lenders increased mortgage credit supply last month, particularly for refinancing, as mortgage rates moved lower in January and February. Most of last month's supply growth was in loan programs that allowed for cash-out refinance and on investor homes, although these were still limited to lower LTV borrowers.