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Mortgage credit availability dropped last month by 1.9% to its lowest level since February 2014, according to the MBA.
In August, the mortgage credit supply had fallen to its lowest since March 2014.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 21 seconds
Mortgage Credit Falls to New Six-Year Low
Getting a mortgage was harder in September than it has been in any month for more than six years. That’s according to a new report from the Mortgage Bankers Association.
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