Fewer Low-Credit Borrowers Are Trying To Get Mortgages

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Lower-credit mortgage applicants accounted for 33 percent of the market in 2015, down from 49 percent in 2006

March 02, 2017

Photo: Pixabay

Since the recession of 2008, fewer borrowers who have low credit scores are applying for mortgages. Mortgage denial rates are down, but that appears to be because potential low-credit applicants have given up trying to qualify. Lower-credit mortgage applicants accounted for 33% of the market in 2015 compared to 49% in 2006.

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