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Genworth: First-time homebuyers just don’t understand down payments

A new survey of mortgage industry executives conducted by Genworth Mortgage Insurance breaks down what the industry believes is blocking new buyers from the housing market. To no surprise, the seemingly unattainable 20% down payment for first-time homebuyers continues to be one of the biggest barriers into homeownership. Here’s what else the survey found.

Source: Genworth: First-time homebuyers just don’t understand down payments

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