18 February 2023

The Older You Get, the Less Likely You’ll Be Approved for a Mortgage: Study

Senior man giving thumbs down
Roman Samborskyi / Shutterstock.com

Older homebuyers are more likely to be rejected than younger ones while they apply for a mortgage. That’s according to a new report from the Center for Retirement Research at Boston College. The report is based on a study by Natee Amornsiripanitch, an economist at the Federal Reserve Bank of Philadelphia, that was released last year. Using data on 5 million rate-and-term refinance applications — a...



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