Mortgage credit availability became tighter in August, according to data from the Mortgage Bankers Association (MBA). The trade organization’s Mortgage Credit Availability Index (MCAI) dropped by 1% to a reading of 107.3 last month; the index was benchmarked to 100 in...
Mortgage application activity slowed down for the week ending Oct. 11, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 17% on both a seasonally adjusted and...