Come on Barbie, let’s go... buy a house!

Single women are the 2nd largest group of homebuyers in the US ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ [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]( --------------------------------------------------------------- #FundFact In collaboration with Airbnb, Barbie brought the Dreamhouse to Malibu, CA. The Dreamhouse was available to rent for two lucky guests from July 21st to 22nd.¹ [Barbie house]( Credits: Airbnb / Hogwash Studios¹ Things to know It really is a Barbie world: The rise of single women in homeownership It really is a Barbie world: The rise of single women in homeownership If you haven’t seen the movie, you’ve likely seen one of the plethora of marketing collabs out there—it’s a Barbie summer to say the least. Barbie hit the theaters on July 21st and brought in $162M during its opening weekend, making it the largest debut for a female director and biggest opening weekend of 2023.² But it’s no surprise the movie made a splash! Barbie made her debut in 1959 and quickly became an iconic doll and household name. Three years later, in 1962, Barbie became a homeowner to the Dreamhouse, inspiring girls across the country. To this day, Mattel reports that the company sells a new Barbie Dreamhouse every two minutes.³ Barbie isn’t the only one with a Dreamhouse When the Dreamhouse was released in 1962, financial institutions could legally turn down mortgage applications for women without male co-signers. The Equal Credit Opportunity Act, which helped women gain access to loans and credit by banning discrimination based on sex or marital status, wasn’t passed for more than a decade later in 1974. Since then, women have pursued homeownership in numbers that have shifted the pre-ECOA era. As of 2023, single women homebuyers outnumbered single men homebuyers, 17% to 9%, respectively.⁴ The numbers make it clear that single women have learned to achieve homeownership despite the barriers that stood between them. And although they’re doing it in a pricey housing market with increasingly expensive mortgage rates, single women comprise the second largest group of homebuyers and have done so every year since 1981.⁵ How have women become leaders in homeownership? One important factor is life expectancy; on average the lifespan of a woman⁶ is about 5 years longer than the lifespan of a man in the US, and about 7 years longer worldwide, making women more likely to be widowed and assume ownership of property than men. Aside from that, there are more college-educated women than there are college-educated men.⁷ A college degree can translate to higher paying salaries, giving women a higher chance at the opportunity to own a home. Women today are also more likely to buy a house before marriage than they were in the past—a survey found that 65 percent of single women homebuyers said they’d rather not wait for marriage to buy a home, and 30 percent of women homeowners bought when they were single.⁸  Fun facts on single women homeowners⁹:  - Single women are more likely than single men to own a home in 48 of 50 states. - Single women own about 10.76 million homes, while single men own about 8.12 million. - There’s evidence that single women are more willing than single men to make sacrifices to become homeowners. - Louisiana has the highest share of homes owned by single women. - North Dakota and South Dakota are the only states where single men own a higher share of homes than single women. - Wyoming has the smallest gap in homeownership rates among single women and men. --------------------------------------------------------------- Better Mortgage Go from accepted offer to commitment letter in 24 hours with Better Mortgage [Get started with One Day Mortgage¹⁰]( --------------------------------------------------------------- Press play Follow us on social to stay up to date with the latest mortgage tech, tips, and tools: Watch on [TikTok]( • [Instagram]( • [Facebook]( • [YouTube]( --------------------------------------------------------------- Better Mortgage Questions? Connect with a mortgage expert now. [Apply today]( --------------------------------------------------------------- Quiz What is APR? - Annual Purchase Report - Annual Property Report - Annual Percentage Rate - Annual Points Rate [Better] [Better] [social]( [social]( [social]( [social]( [social]( ¹Source: [Airbnb News]( ² Source: [CNN]( ³ Source: [NY Times]( ⁴ Source: [Bankrate]( ⁵ Source: [Bankrate]( ⁶ Source: [Harvard Health]( ⁷ Source: [CBS]( ⁸ Source: [Bank of America]( ⁹ Source: [Lending Tree]( ¹⁰ Better Mortgage’s One Day Mortgage promotion offers qualified customers who provide certain required financial information/documentation to Better Mortgage within 4 hours of locking a rate on a mortgage loan the opportunity to receive an underwriting determination from Better Mortgage within 24 hours of their rate lock. The underwriting determination is subject to customary terms, including fraud and anti-money laundering checks, that take place pre-closing and which may trigger additional required documentation from the customer. Better Mortgage does not guarantee that initial underwriting approval will result in a final underwriting approval. See [OneDay Mortgage Terms and Conditions](. © 2023 Better Holdco, Inc. and/or its affiliates. Better is a family of companies. Better Mortgage Corporation provides home loans; Better Real Estate, LLC and Better Real Estate California Inc License # 02164055 provides real estate services; Better Cover, LLC sells insurance products; and Better Settlement Services provides title insurance services; Better Connect, LLC dba Better Attorney Match provides real estate attorney connection services; and Better Inspect, LLC provides home inspection services. All rights reserved. Home lending products offered by Better Mortgage Corporation. 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