Key Highlights

  • Loan program availability up to highest level since July, according to Mortgage Bankers Association
  • November Mortgage Credit Availability Index rose +0.7% to 122.2 from 121.3 in October

 Due to increased credit supply via loan program availability, more qualified borrowers wanting to capitalize on record-low interest rates may be able to take advantage of both purchase and refinance mortgage opportunities.

Get your free 2021 Fill In The Blank Business Plan Now. Simply TEXT 2021 to 855-685-1045.

In November, according to the Mortgage Bankers Association, loan program availability via the Mortgage Credit Availability Index (MCAI) saw a slight uptick of +0.7% to 122.2 compared to the October Index score of 121.3. November was the second month in a row that lenders loosened their mortgage credit standards primarily due to strong demand and, at that time they chose to loosen their loan standards, a slight uptick in employment gains.

November’s gain reflected an increase in credit for jumbo loans as well as for potential borrowers with low credit scores and higher loan-to-debt ratios. The number of adjustable-rate products also increased.

This was received as very good news by real estate agents/brokers and their clients who have been facing stricter lending restrictions as the pandemic has continued. Joel Kan, the associate vice president of economic and industry forecasting with the Mortgage Banking Association, reminded us all that credit availability during COVID has been down -30%.

Certainly, the more loan credit availability there is for potential first-time and lower income homebuyers, the better.


Thanks to National Mortgage News.

URGENT: 2021 Results Released. New FREE On-Line Web Event Reveals 17 Surprising Secrets Of The Top 100 Millionaire Agents. Get Your FREE Spot For The On-Line Webinar Now. When You Attend This Event You Will Have A Sense Of Relief Knowing You Can FINALLY Laugh At Your Money Worries – If You Follow This Simple Plan. Learn How To Generate 100’s of Motivated Leads Without Coming Off As A Pushy Salesperson and Losing Your Soul. Learn Now How To Become One of the 1000s of Agents Making HUGE Money NOW Who Never Thought They Could.

YES, I Want To Attend The FREE Webinar! <——Click To Register
P.S. Free Webinar, Limited Space. Less Than 300 Spots Still Available.

Claim Your FREE Real Estate Treasure Map!