Mortgage Lending Standards Loosen Slightly in June

Mortgage lending standards loosened slightly in June, indicating that mortgage credit is more available, according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association. The Index increased to 109.8 in June, which is almost one percent higher than the index reading from May. Lower Index values indicate lending standards are tightening, while higher index values and increases to the index are indicative of a loosening of credit.

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