Tagged: Federal Reserve Bank of New York

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

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%.

Mortgage originations for 4Q 2023 hit $394 billion.

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

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

Inflation expectations see minor fluctuations, while concerns about job security and household finance intensify.

Fed survey depicts a labor market with improved job satisfaction but mounting concerns about future employment.

But expectations about household financial situation improve.

Credit card balances surge to series high amid stagnant mortgage market.

N.Y. Fed says quarterly increase of 0.9% due mostly to non-housing-related debt.