This interactive graph shows the number of consumers with mortgage inquiries each month indexed to January 2009 levels. Because not all lenders need to pull credit reports from all three nationwide consumer reporting agencies, the graphs are presented as indices. Monthly inquiry indices are displayed along with a seasonally adjusted series, which adjust for expected seasonal variation in credit application activity.
Indexed number of consumers with inquiries (beta)
Source: CFPB Consumer Credit Panel
Date published: December 2019
Note: Data from the last four months are not final. The most recent data available in this visualization are for August 2019.
Credit tightness index
This interactive graph shows the number of consumers who applied for a mortgage each month and did not obtain additional credit. An increase in the credit tightness index indicates that fewer inquiries are transitioning into loans relative to January 2009. To better reflect changes in credit market tightness, we adjust the data to hold the scores of those applying for credit constant. This helps to isolate changes in lender policies as opposed to changes in the applicant pool. Monthly credit tightness indices are displayed along with a seasonally adjusted series, which adjust for expected seasonal variation in credit application activity.