Americans’ demand for new credit hit a near five-year high in June, according to New York Fed data. While applications for credit cards and auto loans eased slightly since February, mortgage demand edged up. Meanwhile, more households reported difficulty covering unexpected $2,000 expenses, reflecting ongoing financial pressure.
Americans’ demand for new credit hit a near five-year high in June, according to New York Fed data. While applications for credit cards and auto loans eased slightly since February, mortgage demand edged up. Meanwhile, more households reported difficulty covering unexpected $2,000 expenses, reflecting ongoing financial pressure.
<iframe src="https://hindustansphere.com/embed/cluster/c0bd5caae5ccda32decb62ea420d61d700219e69" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="NY Fed survey finds highest credit application rate in nearly five years"></iframe>
