How High-Priced Homes Changed the Mortgage Game in 2021

Nerdwallet, Oct. 18, 2022–Elizabeth Renter
Analysis of the 7.1 million mortgage applications filed that year uncovers several markers of the unusual homebuying market: a steep rise in loan amounts, an increase in the number of mortgage denials directly tied to high-priced homes, and some changes in loan types that reflect stiff competition.