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Homebuyers are using all-cash offers to get around high mortgage rates — here are the cities where cash is becoming more common

Por: MarketWatch Politics December 22, 2022

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Redfin began tracking this data in 2011. All-cash purchases were defined as ones where there is no mortgage loan information on the deed. “Today’s affluent homebuyers are motivated to pay in cash because the surge in mortgage rates makes them want to avoid loans — and the high monthly interest payments that come with them — altogether,” Chen Zhao, economics research lead at Redfin, said in a statement. The average rate on the ,... + full article



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