Failing the Threshold: The Impact of Rising Interest Rates on Mortgage Borrowing

Manu García and Carlos Garriga

On the Economy from Federal Reserve Bank of St. Louis

Abstract: Denials moved closely with rising U.S. mortgage rates in 2022 and 2023, showing higher borrowing costs—not weaker applicants—drove the increased rejections.

Keywords: mortgage denials; mortgage rates (search for similar items in EconPapers)
Date: 2026-05-28
New Economics Papers: this item is included in nep-hre
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00001:103318

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