Mortgage Stats To Think About
Groups Who Financed Their Home Purchase:
- 87% of Buyers
- 82% of Repeat Buyers
- 95% of First-time Buyers
Consumers Most Important Factor When Choosing a Loan:
- 39% Lowest possible interest rate
- 23% Lowest possible monthly payment
- 76% of consumers preferred a higher, fixed-rate mortgage to a lower, variable-rate one.
- 72% of borrowers plan to remain in their home for more than 7 years
(Source: Brian Buffini Real Estate Report 2012)