Home lenders were more flexible with loan approvals last month than at any time since the financial crisis. Jumbo conditions eased most as investor offerings expanded.
A standardized quantitative index for mortgage credit, the Mortgage Credit Availability Index, landed at 182.4 for the month of November 2017.
Historical data for the index indicate that last month’s level turned out to be the most flexible period for mortgage credit since at least 2008.
Source: Mortgage Daily