Skip to Main Content

Greater Capital Area Association of Realtors®

Minority Homebuyers Paid Higher Interest Rates

Nov 26, 2018
A recent study by the University of California Berkeley revealed that lenders make between 11% and 17% more profit on purchase loans to minority borrowers. In all, minority homebuyers pay up to half a billion dollars more in interest every year than white borrowers with comparable credit scores, the study found. Get the details.