Origination rate decreases with applicant age, while the rate of applications approved but not accepted rises. This could point to older borrowers being more likely to shop around for the right mortgage.
Source: NerdWallet analysis of 2020 HMDA data for home purchase mortgage applications for single-family, site-built (not manufactured) homes. Share of mortgage applications resulting in denials and originations do not add up to 100% due to other potential outcomes.
