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Tight Mortgage Standards Lock Out Buyers With Good Credit as Home Sales Head for 31-Year Low

A Pew Charitable Trusts study finds post-crisis lending rules now require near-pristine credit, shutting out borrowers with scores of 600-699 even as mortgage rates climb to 6.76% and existing home sales fall for a third straight month toward their weakest year since 1995.

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A Pew Charitable Trusts study finds post-crisis lending rules now require near-pristine credit, shutting out borrowers with scores of 600-699 even as mortgage rates climb to 6.76% and existing home sales fall for a third straight month toward their weakest year since 1995.

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