It’s Bad Enough Mortgage Rages are Over 7%–Now It’s Harder to Qualify for a Home Loan

CNBC, Oct. 11, 2022–Diana Olick
Mortgage credit availability is now at the lowest level since March 2013, which was when housing was in a slow recovery from the financial crisis at the end of the prior decade. It fell for the seventh consecutive month in September, down 5.4% from August, according to a monthly index from the Mortgage Bankers Association.