The rejection of loans has increased significantly for new homebuyers, and those that are purchasing a new automobile. Much of the reasons as to do with extraordinary caution, due to the economy, along with much higher interest rates… this will significantly impact on both the real estate and auto industry as a whole. Hopefully, this matter can resolve itself in the next several months, back to the norm.
https://www.fa-mag.com/news/more-americans-are-getting-turned-down-for-loans–fed-data-shows-73930.html
More Americans Are Getting Turned Down For Loans, Fed Data Shows
