Banks should match rate discounts for low-wealth Blacks  

Should new mortgage banking relationships be fair and equal? Or, all about the money?
Citibank’s website calls it relationship pricing. Move $50,000 to Citibank, and CitiMortgage will knock 0.125% off your new mortgage rate. Move $1 million dollars over, and they will knock off one-half point.
The Citi wealth subsidy amounts to nearly $99,000 of mortgage interest savings, assuming a $1 million fixed-rate mortgage going from 3.5% to 3%.Jackpot!
Most large banks have similar “move your