Home financing is becoming more flexible

- Mortgage credit availability increased 3.9% between July and August of 2021. (Mortgage Bankers Association)
- 24% of home buyers find the mortgage application and approval process to be easier than expected. (National Association of Realtors)
- The median mortgage payment in 2019 was $1,609 per month. (U.S. Census Bureau)
- In 2020, the median down payment on a house or condo was 12%. (National Association of Realtors)
- The average approved home buyer had a credit score of 735 in 2020. (FHFA)
- In 2020, 96% of home buyers had their mortgage application approved. (National Association of Realtors)
- 30-year mortgages had an average rate of 3.79% in Q1 2022. (Freddie Mac)
- 92% of all mortgages in 2021 were fixed-rate. (National Association of Realtors)
- In 2020, 14% of home loans came from the VA. (National Association of Realtors)
- The average annual rate for a 15-year mortgage was 3.02% in Q1 2022. (Freddie Mac)
Residential home buying trends

Housing shortage facts

The rising cost of real estate

Second home buying statistics

The state of home prices today

