Quote:
Originally Posted by vtec to vvel
https://www.cnn.com/2023/09/08/busin...out/index.html
"Have you run into difficulty getting a loan recently?"
1 of 2 things are happening with the aggressive rate hikes:
1. Getting flat-out denied.
2. Getting qualified/approved for much less than before but with a much higher cost to borrow.
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Friend just closed on a house today. Took 2 months for the closing to happened. And he was pre-approved.