Rejection rates for credit cards, credit card limit increase requests, mortgages, and mortgage refinance applications rose to 21.5%, 30.7%, 13.2%, and 20.8%, respectively, the Fed said. What are ...

Rejection rates for credit cards, mortgages and auto loans all rose in 2024, and are all well above pre-pandemic levels. Rochester resident Ali Sifuentes knows what it's like to be denied credit.

The bank said that in the current year the rejection rate for credit cards, mortgages, auto loans and other types of borrowing exceeded levels seen in 2019, before the COVID pandemic struck.

Credit Is Harder to Access as Rejection Rates Rise, Fed Survey Shows Rejection rates for auto, home refinancing rise to series high Credit demand largely stable this year, New York Fed data show ...