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Scale Range: 0.0% – 29.4%
Definition: 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.
Notes: 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. Race/ethnicity refers to the primary borrower. Excludes data for metro areas with less than 50 loans for each race/ethnic group. Hispanics may be of any race. When borrower self identifies as more than one race, race category refers to first race specified.
Source: Analysis of Home Mortgage Disclosure Act Data from the Federal Financial Institutions Examination Council.