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According to the Mortgage Bankers Association, mortgage credit availability dropped for a second straight month in April.
Mortgage Credit Availability Index fell by 12.2% last month to 133.5, its lowest since December 2014, the MBA said.
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Mortgages haven’t been this hard to get in more than five years, as lenders tighten their standards during the fallout from the coronavirus pandemic. So reports Forbes.com.
!--more-->According to the Mortgage Bankers Association, mortgage credit availability dropped for a second straight month in April.
Mortgage Credit Availability Index fell by 12.2% last month to 133.5, its lowest since December 2014, the MBA said.