Borrowers opt for permanent rate buydowns amid affordability challenges
Housing Wire
FEBRUARY 6, 2023
Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. Purchase borrowers, who now make up 82% of new rate locks, paid an average of 1.16 For those looking to pull cash out of their homes, the cost was nearly twice that, with an average of 2.06
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