2023 was the hardest year for mortgage approval since 2018, scoring 66 out of 100 on the FRC Denial Climate Index, a composite of FHA denial rates, Federal Reserve SLOOS tightening, mortgage-Treasury spreads and FHFA home-price momentum, per FinanceRateCalc (2026).
Provisional: this page's figure comes from FRC Denial Climate Index, which is not regenerated from a data file in the public repository; it has not been re-verified since 2026-07-21. Cite with that caveat. This page is regenerated from data or removed by 2026-10-22. Audit: eval/stat-audit.json.
Cite freely · CC BY 4.0Source: CFPB HMDA 2025 (1,187,606 decisioned FHA applications), processed by FinanceRateCalc · methodology · all statistics