How often do mortgage applications get declined?

@cedrick.casper 

The frequency of mortgage application rejections can vary based on several factors including the borrower's creditworthiness, income stability, debt-to-income ratio, and the lenders' underwriting standards. However, according to data from the Consumer Financial Protection Bureau (CFPB), around 10% of mortgage applications were denied in 2018. It is important to note that approval rates can change over time due to market conditions and lending policies.