Higher Fees, Interest Rates, and Mortgage Rejections for Black, Hispanic Buyers
Pro Builder
FEBRUARY 23, 2021
Despite having similar financial situations, Black and Hispanic homebuyers are more likely to be denied mortgages compared to White buyers, according to Realtor.com’s analysis of 2019 mortgage data. million loan applications in 2019. According to the analysis of 7.2 million loan applications, Black applicants are rejected 11.7%
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