Financial Services Committee holds ‘historic’ hearing on racial equity

Witnesses emphasized the role systemic racism has played in preventing people of color from accumulating wealth.

FILE - In this Tuesday, Oct. 6, 2020 file photo, A "For Sale" sign stands in front of a house in Westwood, Mass. U.S. long-term mortgage rates slipped this week as the economy remains burdened by the coronavirus pandemic. Mortgage buyer Freddie Mac reported Thursday, Jan. 28, 2021 that the average rate on the benchmark 30-year fixed-rate home loan eased to 2.73% from 2.77% last week. By contrast, the rate stood at 3.51% a year ago. (AP Photo/Steven Senne, File)

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