Monday, August 29, 2005

Hispanic Business - Low-rate Home Loans Elude Hispanics

Hispanic Business - Low-rate Home Loans Elude Hispanics: "Hispanics also struggled to get market-rate home purchase loans last year.

The largest lenders charged Hispanics a high interest rate more than twice as often as whites, the Charlotte Observer found.

Disparities were largest in California and the Southwes and the Northeast.

Hispanics encounter some of the same barriers as African Americans. Studies show they can face discrimination; on average they are more likely to have financial problems; and they are less knowledgeable about the home-buying process. "
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