In January 2025, the MBA's Mortgage Credit Availability Index (MCAI) rose significantly by 250 basis points to 99.0, indicating a notable increase in mortgage credit accessibility for potential homebuyers. This increase, driven chiefly by conventional loans, was bolstered by a 380 bps jump in the MCAI for these loans. The index for government loans also saw a rise of 100 bps. Factors such as a rise in cash-out refinances, jumbo loans, and expanded non-QM loan offerings contributed to the heightened credit availability, offering positive prospects for the upcoming spring homebuying season.
The MBA's Mortgage Credit Availability Index (MCAI) increased by 250 basis points (bps) in January 2025, signifying improved mortgage credit availability for homebuyers.
Conventional loans predominantly fueled the February credit availability increase, with the MCAI for conventional loans surging by 380 bps, highlighting a trend towards greater lending options.
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