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Wage growth fuels a shift in how millennials fund down payments Millennial homebuyers are increasingly using savings from their primary paychecks to put money down on a home, according to Redfin. Down payments bonnie sinnock april 29. Down payments Bonnie Sinnock April 29.
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The more money you put down when you buy a house the lower your mortgage payments are. Redfin researchers say that the fact millennial home buyers are able to save money from their paychecks to save for a down payment has to do with the 10-year high wage growth for American workers that jumped in February.
More than one-third of millennials said saving for a down payment is the biggest hurdle to buying a home, but few seem to realize they don’t need to put 20% down to get a mortgage, a recent study found. Coming up with a down payment was the biggest barrier for 36.2% of respondents, compared to.
Just 3% of millennials used cryptocurrency to help fund their down payments in the most recent survey, comped to 10% the previous year. Sales of stocks, which declined in value late last year, also were used by a smaller share of millennials to fund down payments.
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Britain registered a record number of cars last year as rising consumer confidence, low fuel prices and easy credit helped crown. being at its highest level in years, combined with wage growth, low.
Southern Top Producers are less smitten by self-service mortgage tech Southern Top Producers are less smitten by self-service mortgage tech Customer-facing mortgage technology is not that big of a deal for Top Producers based in the South, even as a growing number of lenders are partnering with fintech firms to create a better user experience.
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SunTrust, BB&T could become CRE lending powerhouse in the Southeast SunTrust, BB&T could become CRE lending powerhouse in the Southeast May 17, 2019 BB&T’s acquisition of SunTrust may make the combined company more of a contender in regional metro-area commercial mortgage lending, according to data provider CrediFi.Single-family housing starts rise to highest level in a decade Housing starts jumped last month to their highest level since 2008 but construction of single-family homes took a dip. Capital Economics economist. Still, the big rise in overall housing starts in.
Wage growth fuels a shift in how millennials fund down payments Millennial homebuyers are increasingly using savings from their primary paychecks to put money down on a home, according to Redfin. Down payments Bonnie Sinnock April 29. Down payments Bonnie Sinnock April 29. See more from Bonnie.