A buyer who purchases the median-priced home today with 20% down will pay $413,700 in interest over a 30-year mortgage at the current 6.53% rate, according to a data report from Best Interest Financial and Clever Real Estate. However, that sum is $10,500 more than the...
The typical homebuyer’s down payment in March was $64,000 in March, a 1.5% year-over-year decline. According to a new data report from Redfin, the typical homebuyer puts down 15% of a home’s purchase price, compared to 16.1% in March 2025. Redfin analyzed county...
President Trump is rejecting a proposal raised by his administration that would have enabled homebuyers to use money from their 401(k) accounts to finance down payments. The Hill reports National Economic Council Director Kevin Hassett previewed the proposal last week...
The typical household needs seven years to save for the average down payment, according to a new data report from Realtor.com. This is down from the peak of 16 years recorded in April 2022, although it remains well above the pre-pandemic level. In many expensive...
The typical down payment in during the third quarter was $30,400, according to a new data report from Realtor.com. That sum is roughly $500 higher than the second quarter’s level and nearly unchanged from one year earlier. During the third quarter, the average down...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
