For six consecutive months now, home lenders have made it easier to qualify for a mortgage. Government lending requirements led the latest loosening.
A standardized quantitative index that is focused on mortgage credit, the Mortgage Credit Availability Index, landed at 177.8 as of February 2017.
The index increased from 177.1 as of the previous month. It has moved higher every month since August 2016, when it was calculated to be 164.7.
Source: Mortgage Daily