Center for Microeconomic Data

At a Glance: Findings from the June SCE Credit Access Survey
  • The rejection rate for mortgage applications dropped to 6.5 percent in June, down 4.0 percentage points from a year ago, to reach its lowest level since February 2016.
  • The average likelihood of applying for a mortgage over the next twelve months increased to 8.3 percent, up 0.7 percentage point from a year ago.

For more:
The SCE Credit Access Survey queries respondents every four months about their experiences and expectations of applying for and obtaining credit. The data are updated online as results come in, and an annual New York Fed press release, issued following the October survey, highlights notable changes and trends.