Gerardi, Kristopher; Willen, Paul; Zhang, David Hao - 2021
During the period 2005 to 2020, Black borrowers with mortgages insured by Fannie Mae or Freddie Mac paid interest rates … mortgages or moving. Black and Hispanic white borrowers face challenges refinancing because, on average, they have lower credit … scores, equity, and income. But even holding those factors constant, Black and Hispanic white borrowers refinance less …
