Get Feng Shui tips, Jacksonville Florida real estate listings, homes for sale, pre-construction homes and relocation information from Will Vasana.
Jacksonville Florida real estate
Will Vasana Site Map
Bookmark This Site
Email Will Vasana
Free Real Estate Reports
Home Page About Will Vasana Find Homes For Buyers For Sellers Jacksonville Local Info Real Estate Resources

Jacksonville Florida Real Estate Blog

Get latest news and real estate development in Jacksonville, Florida. A real estate blog by Will Vasana, Realtor.

January 21, 2007

Women Pay Higher Mortgage Rates Than Men

Women are 32 percent more likely to carry mortgages with high interest rates than men with similar incomes, even though women generally have better credit scores, according to a study released recently by the Consumer Federation of America. The study also found that wealthier women were 50 percent more likely to carry expensive loans than their male counterparts. In 2005, 10 percent of women who took out mortgages received the highest-cost sub-prime loans, compared with about 7.5 percent of men. Why do women pay more? Allen Fishbein, the federation's director of housing and credit policy, speculates that the most likely reason for the disparity was that women were less familiar with the mortgage market than men and didn't shop around.
"There is some research indicating that women are, on the whole, less likely than men to bargain for major consumer purchases and credit transactions," he says.

Source: The New York Times

Bookmark and Share