Encore: Older mortgage applicants face higher rates

by | Mar 14, 2023 | Stock Market

We have just published a second brief on outcomes in the mortgage market based on the interesting paper by Natee Amornsiripanitch, a senior financial economist at the Federal Reserve Bank of Philadelphia. Again, the analysis is based on Home Mortgage Disclosure Act data, which contain applicant and co-applicant age and a rich set of applicant, property, and loan characteristics. The first brief concluded that older mortgage applicants were significantly more likely to be turned down for a loan than their younger counterparts. …

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