Mortgage Pricing Differentials Across Hispanic, Black, and White Households: Evidence from the American Housing Survey
February 2006 (52)
June 2, 2006
This analysis uses recent metropolitan area samples of the American Housing Survey (AHS) for 1998, 2002, and 2004 to investigate differences in the terms, conditions, and use of mortgage financing alternatives, and how financing and mortgage rates differ for Hispanics as compared to other ethnic groups across a number of different U.S. housing markets. The principal focus of the study is to examine the extent to which differences in the interest rates obtained by homeowners of different race/ethnicity and income levels can be explained by differences in characteristics of the borrowers, the property, and the loan itself.