In particular, since 1995 the homeownership rate has increased 7 percent among white households, 11 percent among black households, and 19 percent among Hispanic households. However, despite the relatively more rapid growth in minority homeownership, significant differences persist: For example, the homeownership rate for blacks and Hispanics remains about two-thirds the rate for non-Hispanic whites.
Developments in the market for wholesale debt can affect the costs of funds for banks, and thus have implications for the wider economy. Indeed, a material change in the cost of funds for banks would, by itself, contribute to a change in financial conditions.