Based on the Mortgage Bankers Association (MBA) index which tracks the availability of mortgage-credit, the availability hit a 3 year high in March. While the availability of mortgages is no where near the levels of 2005-2006, there is a measured increase in borrowers access to mortgage credit. The buyers most positively impacted by the credit easement are those seeking jumbo loans and prime purchase mortgages.
Source: “Mortgage Credit Most Available in at Least Three Years, Gauge Says,” The Wall Street Journal (April 9, 2014)