You probably heard from me by now that the real estate market is hot so far this year. What you may still be wondering, though, is how supportive mortgage lending is to the whole market rebound.
The following post talks about the current Mortgage Availability Credit Index provided by the Mortgage Bankers’ Association (MBA) through March 2015. According to the MBA, the index is a “summary measure which indicates the availability of mortgage credit at a point in time.” So, how loose is this credit?
I invite you to take a look at the graphic showing the index performance and the reasons behind it here: Is Getting a Mortgage Getting Easier?
In short, there is a significant increase in mortgage availability according to short-run standards. Therefore, if you have been hesitant to move forward in the home-buying process because you doubted your ability to qualify for a mortgage, you may want to look again.
I would love to help if you are thinking of buying OR selling. With over 22 years of full time experience in Colorado Springs, I have the knowledge, experience and skill to put together a successful real estate transaction. Call or text me at 719-331-7675, or email firstname.lastname@example.org and let’s discuss your options!