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Fewer low-income Americans took out mortgages in 2023, study says

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Fewer low-income Americans took out mortgage loans last year than 2020, real estate broker Redfin said in a report on Monday, as steep interest rates make buying a home less affordable.

<p>NEW YORK — Fewer low-income Americans took out mortgage loans last year than 2020, real estate broker Redfin said in a report on Monday, as steep interest rates make homebuying less affordable.

com/article/50991227/i-got-frustrated-and-gave-up-high-mortgage-rates-keep-some-utah-homebuyers-on-the-sidelines" rel="follow" target="_blank">more than 7%</a>, existing homeowners have held on to rock-bottom rates from the pandemic.

 

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