Blacks, Hispanics pay more for mortgages - Real Estate - MSNBC.com: WASHINGTON - Black and Hispanic home buyers pay more for their mortgages than do whites, according to a Federal Reserve report released Friday.
The Fed’s analysis of 2005 home lending data found that 54.7 percent of black borrowers paid a higher-than-typical interest rate on home mortgages. That was up sharply from 32.4 percent in 2004.
For Hispanics, 46.1 percent paid more than typical for their mortgages last year — more than double the 20.3 percent reported in 2004.
