Stevenson Ranch Home Sales and Service

Mortgage rates climb again as conflict in the Middle East reignites
Borrowing costs are still below what they were at this time last year https://www.homes.com/news/mortgage-rates-climb-again-as-conflict-in-middle-east-reignites/2105974471/

One of life’s major milestones is buying a home. It’s a place to settle, unwind, grow with a partner, and raise children and pets alike.

All About Mortgage Points These ideas can revitalize every room of your home.

The 20% down payment myth is still holding buyers back.

Most buyers think they need 20% down.

But here’s the reality:

Only 10.7% of buyers actually put down more than 20%

Nearly 1 in 3 buyers put down 3.5% or less

13.1% put nothing down at all

And yet:

17.4% of Gen Z still believe you need 20%

11.6% of Baby Boomers think the same

That disconnect matters because according to new data, 85% of homeowners say they wish they had known more before buying.

Make sure you get to know the facts 👇

(Via New American Funding)

The 20% down payment myth is still holding buyers back.

Most buyers think they need 20% down.

But here’s the reality:

Only 10.7% of buyers actually put down more than 20%

Nearly 1 in 3 buyers put down 3.5% or less

13.1% put nothing down at all

And yet:

17.4% of Gen Z still believe you need 20%

11.6% of Baby Boomers think the same

That disconnect matters because according to new data, 85% of homeowners say they wish they had known more before buying.

Make sure your clients know the facts 👇

(Via New American Funding)