For the third month in a row, credit conditions in residential lending have loosened — a trend that is likely to continue given recent events.
A standardized quantitative index that is focused on mortgage credit, the Mortgage Credit Availability Index, was 174.1 as of November.
The index increased from 171.3 a month earlier and has moved higher every month since August 2016, when it came in at a level of 164.7.
Source: Mortgage Daily
