In a new National Association of Realtors report, some states saw far higher mortgage approval rates than others.
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Mortgage rates have been hovering in the high 6 percent range for a 30-year fixed loan, but some states see tougher odds of homebuyers getting approved.
In a new National Association of Realtors (NAR) report, some states saw far lower mortgage approval rates than others.
Why It MattersMortgage rates change on a daily basis for a variety of reasons, from the Federal Reserve to inflation and regional supply and demand.
Tuesday’s average mortgage rate on a 30-year fixed-rate mortgage is 6.72 percent, but many things can make it more difficult to get approved depending on where you live.
The map shows which states have the lowest mortgage approval rates.
