Homebuyers already strained financially are being forced to dig deeper into their hip-pockets, with an increasing number of borrowers forking out almost half of their paycheck to cover mortgage payments. New data shows that around one in five conventional mortgages granted to American homebuyers over the past winter went to borrowers who spent 45 percent of their incomes on payments, the Wall Street Journal reported. This figure has tripled since 2016 and the first half […]
source https://therealdeal.com/2018/04/10/soaring-home-prices-forcing-buyers-to-dig-even-deeper/
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