Mortgage costs, lender denials jumped in 2022: CFPB
Housing Wire
SEPTEMBER 27, 2023
Homebuyers faced surging mortgage costs, fees and monthly payments in 2022 amid a tightening monetary policy designed to combat persistent inflation. “These trends are likely to continue given further increases in interest rates in 2023.” In 2021, the ratios were below 38% for all groups. For refis, it was 24.7%
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