Financing Archive

October 2011 RVP Reports, Region 1: Downpayments

The share of buyers making a downpayment of 20% or more accounted for one third of all transactions in Region 1 (Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut) during the 3rd quarter. Downpayment requirements have been elevated...

Healthy Refinancing

Recent refinancing activity shows that the new mortgage rate is about 80 percent of the old rate. That is, for example, someone tapping into a  4.0 percent mortgage rate from a previous rate of 5.0.   Though the paperwork...

Monthly Payments for Home Buyers

A home buyer purchasing a typical American homeat the prevailing average mortgage rate  today would have a mortgage payment of  $698 a month. This figure is not much different from what a home buyer would have faced 30 years ago. In...

Downpayment Sources For Recent Home Buyers, 2005-2010

Home buyers are asked the source of the downpayment for their recent home purchase in the Profile of Home Buyers and Sellers.  The most common source for downpayments has consistently been savings for the last five years, however this has risen in...

REALTORS® Report That Somewhat Over 30 Percent Of Buyers Make Downpayments In Excess Of 20 Percent

According to the latest REALTORS® Confidence Index survey, approximately one out of three buyers makes a down-payment of 20 percent or more on a home. The data indicate why we are concerned about proposals that would require minimum down...