The mortgage credit availability index (MCAI) rose by 2.5% to 102.9 in March 2025, marking its highest level since January 2023.¹ An increase in the MCAI indicates that credit is becoming more accessible, which is good news for homebuyers and real estate investors, as well as for current homeowners who are considering refinancing their mortgages.

MCAI By The Numbers

The March 2025 MCAI growth was seen in conventional loans (+4.7%), jumbo loans (+6.6%, its highest in five years²), and conforming loans (+0.2%). In contrast, government-sponsored loans experienced a slight decline of 0.1%.³ "The latest MCAI reveals promising growth within three of the four loan categories," said Brett Hively, Senior Vice President of Mortgage, Finance, and Strategy at Ameris Bancorp, adding, "This uptick is opening the door for many borrowers to move forward with a home purchase or a refinance program."

MCAI and Mortgage Rates

The MCAI serves as an indicator of the availability of mortgage credit in the market. While the MCAI does not directly set mortgage rates, a higher MCAI generally suggests that lenders are more willing to extend credit to a broader range of borrowers, which can result in lower interest rates. "Lower interest rates can lead to increased origination volume, and lenders need to expand their capacity to meet this demand," said Mr. Hively. "With the current favorable market conditions, Ameris Bank is well-positioned to meet the needs of homebuyers and real estate investors looking for financing options."


Sources:
^{1, 2, 3} - https://www.mba.org/news-and-research/research-and-economics/single-family-research/mortgage-credit-availability-index-x241340/2025/04/08/mortgage-credit-availability-increased-in-march

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Ameris Bank is not affiliated with nor endorses the Mortgage Bankers Association.