Interest rates are down but so is available credit

While we are seeing all time low interest rates, we aren’t seeing the expected increase in loan volume. The tighter rules and regulations tied around obtaining a loan is making it more difficult for a consumer to take advantage of the lower interest rates. Below is an interesting article on the lack of credit being issued to consumers.

Low interest rates don’t equal more loans

This entry was posted in CFPB, Lending, Mortage, TRID and tagged , , , , , , , . Bookmark the permalink.