I thought this article interesting.
https://www.msn.com/en-us/money/realestate/americans-now-have-more-mortgage-debt-than-ever/ar-AAFKJN...
While many new home loans were given to borrowers during the second quarter, lenders were still extremely selective as to who received these funds. The median credit score for borrowers who received a new mortgage in the second quarter was 759, which falls within the “very good” range on most trackers. Only 10% of borrowers had credit scores under 651.
This stinginess on the part of lenders appears to be paying off in terms of delinquency rates.
They're making sure of no repeat of the last housing market crash, which of course, is a good thing.
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