Joint Center Quoted in TheGrio on Increased Mortgage and Interest Rates

From the article: “‘Higher mortgage rates and rising inflation are a one-two punch for Black households. They make it harder to buy a home, keep up with monthly bills, and build long-term wealth,’ Cantrell Dumas, senior researcher of Financial Regulation and Policy at [t]he Joint Center for Political and Economic Studies, told theGrio. He continued, ‘Black households are already less likely to own homes and less likely to have financial savings. Rising mortgage rates can push homeownership further out of reach. At the same time, higher prices for food, rent, utilities, and transportation leave families with less money to save.’”

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