Saturday , 23 January 2021

Credit Scores and Down Payments Reach All-Time High

Faced with elevated home prices and stricter credit requirements, borrowers in Q3 placed, on average, higher down payments on their mortgage loans than ever before, according to Bloomberg. Citing a report from ATTOM Data Solutions, Bloomberg reports the median down payment for single-family residences was $20,775 in the third quarter. That, reported Bloomberg, is the …

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