Some Highlights:

  • 36 percent of Americans think they need a 20 percent down payment to buy a home. 44 percent of Millennials who purchased a home this year have put down less than 10 percent.
  • 71 percent of loan applications were approved last month.
  • The average credit score of approved loans was 723 in September (the lowest recorded score since Ellie Mae began tracking in August 2011).

For more information, please contact The Olear Team today!