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Refi Applicants Discouraged by Narrowed Credit Access
Refi Applicants Discouraged by Narrowed Credit Access
 
 
The proportion of consumers who applied for credit and reported feeling “discouraged” by or “rejected” in their experience has clawed higher, especially among mortgage refinance applicants, in the Federal Reserve Bank of New York’s recently released Survey of Consumer Expectations (SCE) Credit Access Survey for October 2016. The finding underscores the overall sentiment of the consumers surveyed, which, according to the New York Fed, is “deteriorating.”
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