Mortgage credit availability showed an increase in May, reflecting a shift in lenders’ strategies to expand their product ranges and cater to a broader pool of potential homebuyers. This growth in credit availability is seen as a positive development for the housing market, as it provides more options for aspiring homeowners.

Key points:
– Mortgage credit availability increased in May
– Lenders are diversifying their product offerings to reach more homebuyers
– The uptick in credit availability is expected to benefit the housing market by providing more options for prospective homeowners to secure financing

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