New Zillow survey data finds many buyers are securing lower mortgage rates from home builders, sellers, or borrowing from friends or family members
Although average mortgage rates are much higher, 45% of buyers who have purchased a home in the past year report having a rate below 5%.Mortgage rates rose from 2.65% in 2021 to 7.79% in fall 2023, impacting home shoppers' buying power. The typical monthly mortgage payment has more than doubled since before the pandemic.The most common way buyers have secured below-market rates is through special financing offers from sellers or home builders.The information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
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