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Down payments fall as affordability worsens. Use Realtor.com’s search tool to find homebuyer assistance programs
Between still-rising home asking prices, higher mortgage interest rates and other inflation-fueled affordability challenges, today’s homebuyers likely have less cash to put down when buying a new home. That and other market factors have caused the typical down payment to fall compared to last year, according to a new report from Realtor.com’s Economic team. The …
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