Higher rates are causing many home shoppers to pull back on their plans, with mortgage activity plummeting during the second quarter. But those who are buying, are putting down record-setting down payments.
Institutional investors have been crunching data and finding out that buying and leasing out homes does not generate the same head-turning returns.
Bad credit, no down payment? No problem. Bank of America announces plan to help first-time buyers in some Black and Latino neighborhoods in Los Angeles.