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Failing the Threshold: The Impact of Rising Interest Rates on Mortgage Borrowing
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.
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https://www.stlouisfed.org/on-the-economy/2026/may/impact-rising-interest-rates-mortgage-borrowing
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Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2026-05-28