The Older You Get, the Less Likely You'll Be Approved for a Mortgage: Study
By:
Sarah Hansen
Sarah Hansen
Senior Writer | Joined October 2021
Has also written:
See full bio
- ‘Simply Too Expensive’: These Are the Biggest Reasons Renters Aren’t Buying Homes Right Now
- Housing Market Slowdown: Only 1% of Homes Have Changed Ownership This Year
- These 5 Cities Have Seen a Huge Drop in Homes for Sale
- 1 in 3 Homebuyers Are Now Paying All Cash: Report
- Why a Record Share of Americans Think It’s a Bad Time to Buy a House
Eddie Lee / Money; Getty Images
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.
What the data says
