Portsmouth NH | Mortgage interest rates just fell to their lowest point in 2017! This week’s rate is 4.08% vs. 3.58% a year ago.
One fact not so widely reported is that requirements to get a mortgage have eased also. The Mortgage Bankers Association (MBA) quantifies the availability of mortgage credit each month with their Mortgage Credit Availability Index (MCAI). The higher the MCAI number, the easier it is to get a mortgage.
Here is a chart showing the MCAI over the last several months.
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