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 ,775 in the third quarter. That, reported Bloomberg, is the …
The post Credit Scores and Down Payments Reach All-Time High appeared first on DSNews.
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