Tag Archives: Buyers Use Larger Down Payments to Offset Rising Rates

To keep monthly mortgage payments more affordable, more home buyers are reaching deeper into their pockets to make larger down payments, according to a new survey by LendingTree of 600 home buyers. Sixty-four percent of prospective home buyers say they expect mortgage rates to rise, and 68 percent say they expect home prices to rise in the next 12 months, according the LendingTree survey. That has prompted 57 percent of respondents to say they plan to make a down payment of 15 percent or more on their home purchase. Meanwhile, […]