Rising Mortgage Rates Lead to Increased Loan Application Denials

A study by the St. Louis Fed indicates that the denial rate for mortgage loan applications rose to 15.1% in 2024 from 12.2% in 2021, a trend directly correlated with surging mortgage rates.

4 Jun, 12:15 — 4 Jun, 12:15

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cnbcMostly Factual91d ago

Higher mortgage rates don't just keep buyers on the sidelines. Application denials rise too

The denial rate in loan applications was 15.1% in 2024, up from 12.2% in 2021, a rise that occurred alongside surging mortgage rates, the St. Louis Fed found.

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Rising Mortgage Rates Lead to Increased Loan Application Denials

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Higher mortgage rates don't just keep buyers on the sidelines. Application denials rise too

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