Down payments are at an all-time high - this is how much you need to buy a house

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Down payments are at an all-time high - this is how much you need to buy a house

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The average down payment for US homebuyers has reached a record high of $67,500, new data has revealed. Elevated mortgage rates mean homebuyers are incentivized to put down more money upfront to soften the blow. This, alongside rising house prices, means down payments over $400,000 are now the norm in some American cities. Down payments have also increased in percentage terms, the analysis from Redfin found. The typical homebuyer put down 18.
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