US media: beauty curbing inflation policy exacerbates the people's housing burden on African -American groups and are seriously impacted

Source: Overseas Network

Overseas Network, August 29th. According to the US "Congress" reported on August 28, the Fed adopted a significant interest rate hike to curb high inflation, but thereby led to increased interest rates in mortgage loans. Housing demand caused a serious impact.

The report quoted data from the US Census Agency that in the second quarter of this year, only 45.3%of African -American families had their own houses, while white families were as high as 74.6%, Asian families were 61.1%, and Latin American families were 48.3%. Romi Triber, a professor of economics at Sermann College in the United States, said that among the four major racial groups in the United States, African -American housing has the lowest ownership, and the increase in mortgage interest rates will make them more difficult for them to have and keep their housing. Essence

For a long time, in terms of house purchase, the US -American group has faced more obstacles than the white group. A study by Harvard University in 2021 shows that for many African homeowners, regardless of their income, their loan interest rates are usually higher than white owners. To a certain extent, it is because African -American owners are considered greater financial risks than white homeowners. (Overseas Network Liu Qiang)

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