African-Americans & Latinos Pay Higher Rates on Mortgages

Study: Blacks, Latinos pay more for mortgages - Real Estate - MSNBC.com

This article references a study where blacks and latinos are found to pay higher interest rates on mortgages mainly due to being steered to subprime products.

While I don't doubt that this is true, I don't believe that this establishes a case for discrimination per se. Rather, I believe this establishes a case for a lack of knowledge; the sort of knowledge gap that needs to be closed. You can only be victimized here based on ignorance.

If one knows his credit score,takes steps to maintain and enhance it and takes care to have a basic knowledge about loan products, it's virtually impossible to be scammed like this.