Study Finds Same-Sex Couples Encounter More Denials, Higher Interest Rates for Mortgages

A just-released study from the Proceedings of the National Academy of Sciences shows that mortgage lenders are more likely to deny loans, or charge more on approved loans for same-sex couples, the Washington Post reports. National mortgage data from 1990 to 2015 shows that these couples were 73 percent more likely to be denied, and on average paid 0.2 percent more in interest and fees than heterosexual couples with comparable financial standing. Since mortgage applicants cannot be asked about sexual orientation, the study identified same-sex couples as co-applicants of the same gender in its model. The researchers involved cite the probe as evidence that sexual orientation should be added a protected class under federal lending laws.

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