Mortgage Credit Availability Index (MCAI)

The Mortgage Credit Availability Index (MCAI) is a measure that shows how easy or difficult it is to get a mortgage loan in the housing market. A higher index indicates that lenders are more willing to offer credit, with more loan options and relaxed standards. Conversely, a lower index suggests tighter borrowing conditions, with stricter requirements and fewer loan choices. The MCAI helps track trends in lending practices, offering insight into the overall health of the housing and credit markets. It’s used by lenders, investors, and policymakers to gauge market stability and risk appetite.