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As a result of the growing part of the US consumers, according to New York’s Federal Reserve Bank, they say they do not want a loan because they expect to be refused between narrow credit conditions.
The share of acute borrowers, but in the end of the New York Fed’s, they did not apply because they did not apply for not applying, reached 8.5%Exploring consumer expectations. It is the highest level since the study began in 2013.
The adoption of the disclosure increased from cards to the cards protected from cards, houses and cars. About a third of the applicants of the auto loan, the highest share since the start of the series, after February, it was difficult to get a loan in half of all respondents in half.
The data adds to a picture of a lot of increasingly fragile household funding for many Americans, because many Americans draw expenses to pay high debt costs. Laws are low in advance for pandemic standards, but they play a higher role in most categories and lenders are careful.
According to the February survey, more than 10 US wanted to refinance their mortgage loans, according to the February survey, in October 2023.
Many people who have more than a few years with mortgage lending rates are trying to hit the capital collected during the last housing boom to pay other debt costs or expenses to reduce its monthly payments. The inability to do this can take some pressure to sell their homes.
Meanwhile, the share of consumers in New York can reach $ 2,000 in case of an unexpected situation, fed in 63%, there is little new series.
This story was first displayed Fortune.com
