fromwww.housingwire.com
1 day agoOctober sees highest mortgage credit availability since 2022
Joel Kan, MBA's vice president and deputy chief economist, noted that October's credit availability level was the highest seen since 2022 due to investors broadening their loan offerings. The increase was driven by growth in conventional mortgage credit availability, while government credit supply changed little, Kan added. A greater number of ARM and cash-out refinance loan programs contributed to credit supply growth, although the programs were mostly limited to higher credit score borrowers.
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