I'm eager to share with you this article I found during my reading today.
"The average down payment on a 30-year, fixed-rate mortgage loan in the third quarter of this year was 15.73 percent, according to Charlotte, North Carolina-based Lending Tree an online marketplace connecting potential borrowers with lenders.
The third-quarter average is down 2.74 percent from the previous quarter, according to Lending Tree, which suggested in a press release that the drop is due to a slight loosening of standards by lenders across the nation."
To Continue Reading:
Down Payments Continue to Decline in Third Quarter
Let me know if you have any questions!