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Signs Point To Consumer Spending Slowdown

Borrowers pay down mortgage debt in December, shy away from buying new homes, analysis finds

Jan 28, 2025
High-Income Borrowers Feeling The Credit Crunch

"White-collar consumers" experiencing financial strain, compounded by ongoing slump in white-collar employment.

Nov 26, 2024
Mortgage Application Rejections Hit Decade High

The average rejection rate for mortgage applications increased by 8.6 percentage points to 20.7% in 2024, well above the 2019 rate of 10.2%.

Nov 18, 2024
Mortgage Debt Rises To $12.25 Trillion

Mortgage originations for 4Q 2023 hit $394 billion.

Feb 06, 2024
Mixed Economic Outlook In December 2023 With Declining Inflation And Earnings Expectations

Inflation and earnings dip, but credit access and financial optimism brighten the economic landscape, reveals NY fed's survey.

Jan 08, 2024
Fed Survey: Mortgage Application Rejection Rates Decline In 2023

Consumer credit preferences shift as households anticipate reduced demand for credit cards, mortgages, and auto loans in the coming year.

Nov 20, 2023