Buyers May Have an Easier Time Qualifying for a Mortgage

By Northwest Montana Association of REALTORS® posted 12-12-2019 22:00

  

Credit standards are loosening, a trend that has been consistent over the last three months. The Mortgage Bankers Association’s Mortgage Credit Availability Index rose 2.1% in November, which indicates “loosening credit.” Further, the trade group says it expects the trend to continue in the new year. “Expanding credit availability will continue to support active levels in mortgage lending, even as refinance activity starts to level off,” says Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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