TRD Insights: Homebuyers in Black communities charged higher mortgage rates, report finds

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: FS – All – Real Estate News 2
TRD Insights: Homebuyers in Black communities charged higher
mortgage rates, report finds