New home mortgage borrowers in majority-Black communities are charged higher interest rates than borrowers in majority-white communities. That was the finding from an analysis of 2018 and 2019 home purchase mortgage data, according to a Realtor.com report. It showed that homebuyers in areas where Black people comprised over 70 percent of the population received loans with interest rates 13 basis points above those homebuyers received in the majority-white neighborhoods. Realtor.com analyzed the data that was
source https://therealdeal.com/2020/07/30/trd-insights-homebuyers-in-black-communities-charged-higher-mortgage-rates-report-finds/
No comments:
Post a Comment