N.Y. Fed Survey: Consumers Say It’s Harder To Get Credit

National Mortgage Professional, Apr. 10, 2023–David Krechevsky
The Federal Reserve Bank of New York’s Center for Microeconomic Data on Monday released its March 2023 Survey of Consumer Expectations (SCE), which showed that consumers’ perceptions of credit access deteriorated from a year earlier. According to the survey, the share of households reporting it is harder to obtain credit than one year ago rose, reaching a series high.