🏡 Homebuyer down payments hit record highs!

🗞️ Mortgage news, tools and tips, and announcements! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ [Better] [Better]( This week's mortgage rates [Rate chart] [Rate chart]( Source: US average mortgage rates from [FreddieMac]( --------------------------------------------------------------- Better Mortgage Interested in today's rates? [See Better Mortgage rates]( --------------------------------------------------------------- In the news 📈 Homebuyer down payments hit record highs The typical down payment for U.S. homebuyers hit a record high of $67,500 in June, up 14.8% from $58,788 a year earlier. It was the 12th consecutive month the median down payment rose year over year. [Read now]( Tools and tips 💬 What is a first-lien HELOC? "If you worked hard and created a bunch of equity in your home and you want to have access to cash or home improvements, emergencies or other needs without having to refinance... it’s there for you." Better.com President & COO, Chad Smith, recently sat down with Linda Bell of Bankrate to discuss the benefits, drawbacks, and requirements of first-lien HELOCs. [Read now]( 📣 Federal Reserve September 2024 Meeting The Federal Reserve held rates steady during their most recent meeting in July 2024, as well as prior meetings. The next FOMC meeting will take place this month on September 17-18, 2024. [Learn more]( --------------------------------------------------------------- Press play Follow us on social to stay up to date with the latest mortgage tech, tips, and tools: Watch on [TikTok]( • [Instagram]( • [YouTube]( • [Facebook]( --------------------------------------------------------------- Better Mortgage Questions? Connect with a mortgage expert now [Get pre-approved]( --------------------------------------------------------------- Quiz What are the four primary factors – often referred to as the "4 C’s" – that lenders use to determine a person's ability to pay back a loan? - Credit, capital, collateral, capacity - Credit, character, collateral, capacity - Credit, cosigner, collateral, capacity - Credit, closing costs, collateral, capacity [Better] [Better] [social]( [social]( [social]( [social]( © 2024 Better Home & Finance Holding Company and/or its affiliates. Better is a family of companies. 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