The Heller School For Social Policty And Management The Heller School For Social Policy and Management Brandeis University
High Interest Rate Loans (2010) as Share of Refinance Loans by Race/Ethnicity and Income
Year: 2010; Race/Ethnicity: Non-Hispanic White; Income: Low-Income; Region: 100 Largest MSAs



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High Interest Rate Loans (2010) as Share of Refinance Loans by Race/Ethnicity and Income
Year: 2010; Race/Ethnicity: Non-Hispanic White; Income: Low-Income; Ordered: alphabetically
Metro Area Value
Akron, OH 2.1%
Albany-Schenectady-Troy, NY 2.0%
Albuquerque, NM 1.2%
Allentown-Bethlehem-Easton, PA-NJ 1.8%
Atlanta-Sandy Springs-Marietta, GA 2.0%
Augusta-Richmond County, GA-SC 5.1%
Austin-Round Rock, TX 1.6%
Bakersfield, CA 0.3%
Baltimore-Towson, MD 0.9%
Baton Rouge, LA 7.3%
Birmingham-Hoover, AL 6.6%
Boise City-Nampa, ID 1.1%
Boston-Cambridge-Quincy, MA-NH 0.6%
Bridgeport-Stamford-Norwalk, CT 0.5%
Buffalo-Cheektowaga-Tonawanda, NY 2.8%
Cape Coral-Fort Myers, FL 1.9%
Charleston-North Charleston, SC 3.8%
Charlotte-Gastonia-Concord, NC-SC 2.9%
Chattanooga, TN-GA 11.0%
Chicago-Naperville-Joliet, IL-IN-WI 1.0%
Cincinnati-Middletown, OH-KY-IN 2.9%
Cleveland-Elyria-Mentor, OH 2.1%
Colorado Springs, CO 0.8%
Columbia, SC 1.8%
Columbus, OH 2.2%
Dallas-Fort Worth-Arlington, TX 3.2%
Dayton, OH 2.0%
Denver-Aurora, CO 0.4%
Des Moines, IA 3.4%
Detroit-Warren-Livonia, MI 1.4%
El Paso, TX 12.8%
Fresno, CA 0.5%
Grand Rapids-Wyoming, MI 2.7%
Greensboro-High Point, NC 3.0%
Greenville, SC 3.7%
Harrisburg-Carlisle, PA 4.1%
Hartford-West Hartford-East Hartford, CT 0.9%
Honolulu, HI 0.6%
Houston-Baytown-Sugar Land, TX 5.6%
Indianapolis, IN 2.0%
Jackson, MS 5.2%
Jacksonville, FL 2.1%
Kansas City, MO-KS 3.5%
Knoxville, TN 2.9%
Lakeland-Winter Haven, FL 12.4%
Lancaster, PA 1.6%
Las Vegas-Paradise, NV 0.4%
Little Rock-North Little Rock, AR 2.8%
Los Angeles-Long Beach-Santa Ana, CA 1.0%
Louisville, KY-IN 3.9%
Madison, WI 1.1%
McAllen-Edinburg-Pharr, TX
Memphis, TN-MS-AR 4.5%
Miami-Fort Lauderdale-Miami Beach, FL 0.9%
Milwaukee-Waukesha-West Allis, WI 0.9%
Minneapolis-St. Paul-Bloomington, MN-WI 1.4%
Modesto, CA 1.2%
Nashville-Davidson-Murfreesboro, TN 6.2%
New Haven-Milford, CT 1.1%
New Orleans-Metairie-Kenner, LA 2.8%
New York-Newark-Edison, NY-NJ-PA 1.0%
Ogden-Clearfield, UT 1.2%
Oklahoma City, OK 8.6%
Omaha-Council Bluffs, NE-IA 2.4%
Orlando, FL 1.8%
Oxnard-Thousand Oaks-Ventura, CA 0.5%
Palm Bay-Melbourne-Titusville, FL 1.0%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1.5%
Phoenix-Mesa-Scottsdale, AZ 1.4%
Pittsburgh, PA 4.2%
Portland-Vancouver-Beaverton, OR-WA 0.7%
Poughkeepsie-Newburgh-Middletown, NY 3.1%
Providence-New Bedford-Fall River, RI-MA 1.1%
Provo-Orem, UT 1.1%
Raleigh-Cary, NC 2.7%
Richmond, VA 1.5%
Riverside-San Bernardino-Ontario, CA 1.1%
Rochester, NY 1.8%
Sacramento-Arden-Arcade-Roseville, CA 0.5%
Salt Lake City, UT 1.1%
San Antonio, TX 6.6%
San Diego-Carlsbad-San Marcos, CA 1.9%
San Francisco-Oakland-Fremont, CA 0.2%
San Jose-Sunnyvale-Santa Clara, CA 0.5%
Sarasota-Bradenton-Venice, FL 1.5%
Scranton-Wilkes-Barre, PA 4.8%
Seattle-Tacoma-Bellevue, WA 0.6%
Springfield, MA 1.0%
St. Louis, MO-IL 2.3%
Stockton, CA 0.0%
Syracuse, NY 5.0%
Tampa-St. Petersburg-Clearwater, FL 2.2%
Toledo, OH 2.2%
Tucson, AZ 1.0%
Tulsa, OK 6.2%
Virginia Beach-Norfolk-Newport News, VA-NC 1.5%
Washington-Arlington-Alexandria, DC-VA-MD-WV 0.5%
Wichita, KS 4.2%
Worcester, MA 1.1%
Youngstown-Warren-Boardman, OH-PA 8.1%

Definition: Share of refinance loans that have an APR (annual percentage rate) at least 1.5 percentage points higher than the estimated Average Prime Offer Rate for loans extended to  prime borrowers based on the rates reported by Freddie Mac in its Primary Mortgage Market Survey®.  This definition of high interest loans differs from that used prior to 2010.

Notes: Includes only originated, first-lien loans for owner-occupied, 1-4 family homes or manufactured homes.  Excludes data for metro areas with less than 20 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.

Source: Analysis of Home Mortgage Disclosure Act Data from the Federal Financial Institutions Examination Council.