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Women pay higher mortgage rates

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Do women and men secure comparable mortgage rates? According to a 2006 study by Ping Chen, Professor of Florida Atlantic University, Department of Industry Studies , women on average pay more for mortgages than men because they have a tendency to rely on the recommendations of friends, while men utilize empirical data. Chen discovered that women were 32 percent more likely to get a subprime mortgage than their male counterparts Continue reading
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