The Manufactured Housing Institute (MHI) newsletter reports an article in the Wall Street Journal says access to credit may be the key to U.S. economic recovery. Noting those who already have access are taking advantage of the low interest rates, while millions more with limited access cannot take advantage of the U. S. Federal Reserve’s engineering of low interest rates that was expected to spur household spending and job creation. While the Fed hopes to maintain low interest rates through 2014, banks continue to be tightfisted with lending. There is some indication that credit access is leveling out, as lenders issued 26% more car loans to people with credit scores below 700 in 2011 over 2010.

(Image credit: Manufactured Housing Institute)