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0.0% – 62.4%
Share of refinance loans that have an APR (annual percentage rate) at least 3 percentage points higher than the interest rate of U.S. Treasury securities of the same maturity.
Due to changes in the definition of high interest loans, this indicator only reflects loans with application dates before October 1, 2009. Includes only originated, first-lien loans for owner-occupied, 1-4 family homes or manufactured homes. Excludes data for metro areas with less than 50 loans for each race-income group. Low-income borrowers had incomes below 80% of area median income. Middle-income borrowers had incomes of between 80% and 120% of area median income. Upper-income borrowers had incomes above 120% of area median income. Race/ethnicity refers to the primary borrower. Hispanics may be of any race. When borrower self identifies as more than one race, race category refers to first race specified.
Analysis of Home Mortgage Disclosure Act Data from the Federal Financial Institutions Examination Council.
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