Mortgage Credit Availability Decreased in June

WASHINGTON, D.C. (July 14, 2026) - Mortgage credit availability decreased in June according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.

The MCAI fell by 2.0 percent to 105.8 in June. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The index was benchmarked to 100 in March 2012. The Conventional MCAI decreased 0.1 percent, while the Government MCAI decreased by 4.6 percent. Of the component indices of the Conventional MCAI, the Jumbo MCAI increased by 0.6 percent, and the Conforming MCAI fell by 2.2 percent.

"Mortgage credit availability decreased in June to its lowest level since December 2025," said Joel Kan, CMB, MBA's Vice President and Deputy Chief Economist. "A contraction in government loan programs accounted for a significant share of the June decrease, as lenders pulled back on FHA and VA streamline refinance loan programs, particularly those for high LTV and low credit score borrowers. The jumbo index increased slightly, supported by new non-QM programs, which is consistent with other market data showing a larger non-QM share of originations."

Source: Mortgage Bankers Association; Powered by ICE Mortgage Technology

CONVENTIONAL, GOVERNMENT, CONFORMING, AND JUMBO MCAI COMPONENT INDICES

The MCAI fell by 2.0 percent to 105.8 in June. The Conventional MCAI decreased 0.1 percent, while the Government MCAI decreased by 4.6 percent. Of the component indices of the Conventional MCAI, the Jumbo MCAI increased by 0.6 percent, and the Conforming MCAI fell by 2.2 percent.

Source: Mortgage Bankers Association; Powered by ICE Mortgage Technology

Data prior to 3/31/2011 was generated using less frequent and less complete data measured at 6-month intervals interpolated in the months between for charting purposes.

ABOUT THE MORTGAGE CREDIT AVAILABILITY INDEX

The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit.

The MCAI is calculated using several factors related to borrower eligibility (credit score, loan type, loan-to-value ratio, etc.). These metrics and underwriting criteria for over 95 lenders/investors are combined by MBA using data made available via ICE Mortgage Technology and a proprietary formula derived by MBA to calculate the MCAI, a summary measure which indicates the availability of mortgage credit at a point in time. Base period and values for total index is March 31, 2012=100; Conventional March 31, 2012=73.5; Government March 31, 2012=183.5.

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For more information on the Mortgage Credit Availability Index, including Methodology, Frequently Asked Questions and other helpful resources, please contact [email protected].