New York Fed survey: Consumers find it easier to obtain auto loans or mortgage refinancing.

According to reports, the latest credit data released by the Federal Reserve Bank of New York shows that it was a bit easier for U.S. households to apply for mortgage refinancing or auto loans in June. The bank said on Monday that the rejection rate for mortgage refinancing applications dropped to 15% in June, after reaching 42% in February, the highest since the fall of 2013. The rejection rate for auto loans also decreased, though to a lesser extent, from 14% in February to 7% in June. The New York Fed stated that the overall credit application and rejection rates have remained largely stable over the past year. The above results are from the New York Fed's "Survey of Consumer Expectations," a monthly survey whose readings on inflation expectations and consumer sentiment are closely watched. (Jiemian)