Mortgage credit got harder to obtain during the first quarter, although economists expect access to credit will continue to gradually improve, according to Zillow.
The
But the 65 figure is projected to improve, as regulations will continue to favor expanding access to credit, economists told Zillow in a survey.
About 60% of more than 100 economists said they think mortgage regulations will loosen, according to Zillow's survey, which was conducted this summer.
Recent tightening of access can be attributed to stock market volatility, Zillow's chief economist, Svenja Gudell, said in a news release.
"Tighter mortgage access will make it harder for people with low credit scores to get a home loan, and even people who can get approved for a mortgage will have fewer options in terms of available mortgage products," Gudell said.
