Mortgage Credit Availability Jumps to Highest Level in More Than 2 Years

The increase came while mortgage rates remained elevated above the 6.5 percent level.

A trailer park home community sign in Duncansville, Pa., on March 12, 2025. Madalina Vasiliu/The Epoch Times

More mortgage funds were made available in the housing market last month than in the previous month, with refinance programs driving the growth, according to the Mortgage Bankers Association (MBA).

The Mortgage Credit Availability Index, which measures the supply of mortgage credit at a specific point in time, “rose by 2.5 percent to 102.9 in March” from February, MBA said in an April 8 statement. A jump in the index is an indication of relaxing credit conditions.