Which of the following is a reason for homeownership rates and property values, particularly for low-income and minority owners, falling sharply?
A. Low-income homeowners are more likely to pre-pay their mortgages through refinancing when interest rates decline.
B. Low-income home buyers may have invested less in housing than was best compared to other assets.
C. Homes purchased by low-income and minority buyers have appreciated in value.
D. Low-income and minority homeowners were at greater risk of victimization by predatory lenders.
Answer: D
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