Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
722,032+456
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
7.00%0.01
Mortgage

[video] MBA: Here’s the state of mortgage credit in the housing market 

MBA explains changes to credit availability index

The Mortgage Bankers Association recently made several changes to its mortgage credit availability index, and now looks to further explain why it made these changes.

After making the changes, the mortgage credit availability, which had been getting tighter in previous months, was corrected to show that credit availability is actually loosening.

“We always monitor the indexes that we publish and we are looking for ways to make them better and make them more relevant to the industry,” said Lynn Fisher, MBA vice president of research and economics.

The mortgage credit availability index is made up of four different sub-indices: jumbo, government, conventional and conforming.

“Last week we were really excited to updated the methodology of the index in order to better fit what’s happening in the market,” Fisher said. “We’ve seen some changes and we want to better account for that.”

Fisher outlines two major changes that will improve the accuracy of the index. The first was an updated methodology to account for a broader group of mortgages.

The second was a change in definitions for the conventional and jumbo-backed mortgages. These mortgage categories no longer include government programs such as FHA or VA.

Fisher talks about the changes here:

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please