Geopolitics Tightens Mortgage Approvals
U.S.–Iran tensions and the Strait of Hormuz disruption aren’t dropping credit scores, but banks are tightening loan underwriting and risk checks. Even borrowers with solid profiles can face denials or delays as lenders demand more documentation and higher down payments, especially for mortgages. Rate cuts may not translate into easier access if risk perception remains elevated, potentially slowing consumption. Consumers should check their credit reports early and brace for tougher loan reviews across auto loans and mortgages.
