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Hispanic Mortgage Home Loan Interest Rates |
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 Blacks and Hispanics were more likely than whites to take out higher-priced home loans in 2005, while Asians were slightly less likely to borrow money on such terms, according to a Federal Reserve report.
According to data lenders provide to the government, 54.7 percent of African-American borrowers took out "higher-priced loans," compared with 17.2 percent of whites in 2005. Hispanics took out higher-priced loans 46.1 percent of the time, compared with 16.6 percent for Asians.
The report, by Robert B. Avery, Kenneth P. Brevoort and Glenn B. Canner of the Federal Reserve's Division of Research and Statistics, was based on 15.6 million loans granted by nearly 8,850 lenders -- an estimated 80 percent of home lending nationwide. |
