Perceived ease of getting a mortgage in the U.S. 2011-2023, by age group
Obtaining a mortgage loan in the United States has gotten more difficult, according to the results of a national representative survey. The youngest generation has been most impacted, with less than one third of respondents aged 18 to 34 saying it would be easy to get a mortgage in July 2023. For prospective homebuyers over 65 years, this share stood at 54 percent. Except for the oldest generation, respondents of all age groups were overall more positive about their chances of being approved for home financing before the second half of 2021, when the monetary policy started tightening and interest rates rising.