In what appears to be a case of disparate impact, users of Windows and Android operating systems pay higher mortgage rates than Apple users.
Average offered 30-year fixed interest rates were 3.93 percent for Macintosh users — lower than for users of any other operating system.
The competitive rate reflects top credit ratings for Macintosh customers, who have an average credit score of 722 — the highest of any group.
Those were among some of the findings from LendingTree’s analysis of 2 million loan requests for purchase financing and personal loans.
The next-lowest rate, 3.95 percent was the average for iPad users. Average credit scores for this segment of the population were 711.
iPhone users came after that, with an average rate of 4.02 percent and an average score of 695.
But among Windows users, average 30-year rates were 4.06 percent. This reflected an average 707 credit score.
Even worse was the average rate for Android users: 4.10 percent.
Android users paid higher rates because their average credit scores were just 682 — the lowest of any user group.
“The disparity in loan details between Mac and Android users is most likely a reflection of different price points and the affordability of the respective devices,” LendingTree Founder and Chief Executive Officer Doug Lebda stated in the report.
LendingTree’s report indicated that 41 percent of shoppers for purchase-money mortgages used a mobile device to shop and compare loan offers.
