Will Millennials Ever Be Able to Buy a House?

Mortgage Professional America, Oct. 17, 2022–Jonathan Russell
Tighter lending standards are preventing millennials from entering the housing market. While mortgage rates are low, the standard for lending has tightened significantly since the 2007-2009 recession. Mortgage credit availability dropped in June 2021, according to a Mortgage Bankers Association report. Another indication that lending standards are getting tighter is that the Mortgage Credit Availability Index fell by 8.5% last June.