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Housing down payments hit all-time high as buyers battle high mortgage rates

Por: Fox Business Business November 28, 2023

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NAHB CEO Jim Tobin discusses the state of the housing market, American homeownership, and using family money for home down payment. Americans are putting down a in order to secure a new home as they continue to grapple with high mortgage rates and a worsening inventory shortage.  Down payments hit a new peak in the third quarter of 2023, as high borrowing costs and the competitive market drove buyers to make a bigger contribution, according to... + full article



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