Scotsman Guide > News > October 2018 > News Story

 Enter your e-mail address and password below.


Forgot your password? New User? Register Now.

News Archives

Subscribe icon Subscribe to our weekly e-newsletter, Top News.

Mortgage credit eases in October

Mortgage credit loosened in October as conventional loans with low downpayments became more readily available for first-time buyers, the Mortgage Bankers Association (MBA) reported.

"Reversing a trend from last month, lenders made more conventional and low downpayment programs available to prospective borrowers,” said Joel Kan, MBA associate vice president of economic and industry forecasts.

“This increase in supply was likely in response to a growing number of first-time homebuyers in the market, as home price appreciation has slowed and wage growth has picked up,” Kan added. He also noted that access to jumbo credit continues to expand. The jumbo index increased to a survey high.

MBA’s credit availability index increased by 2.5 percent to 186.7 in October. The index was benchmarked at 100 in 2012, when credit was especially tight.

The conventional index rose by 5.5 percent, but the government index declined by 0.4 percent. Of the component indices of the conventional index, the jumbo index was up 6.3 percent and the conforming index rose by 4.6 percent, MBA reported. 


Questions? Contact at (425) 984-6017 or

Get the latest news and articles from Scotsman Guide straight to your inbox.

Send me the following e-mails:

Learn more about Scotsman Guide e-mails

Thank you for signing up to receive e-mails from Scotsman Guide.

A confirmation e-mail has been sent to the address you provided.

For questions regarding your e-mail subscriptions please contact or call (800) 297-6061.

Fins A Lender Post a Loan
Residential Find a Lender Commercial Find a Lender
Follow Us:Visit Scotsman Guide Facebook pageVisit Scotsman Guide LinkedIn pageVisit Scotsman Guide Twitter page


© 2019 Scotsman Guide Media. All Rights Reserved.  Terms of Use  |  Privacy Policy