See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Zillow offers 1% down payment to lure homebuyers as mortgage rates hit 22-year high

Posted on AllSides August 25th, 2023
From The Right

Zillow announced that it’s offering mortgages with a 1% down payment to US homebuyers who are being squeezed by mortgage rates, which climbed to a 22-year high earlier this week.

Zillow debuted its 1% down payment program on Thursday, agreeing to contribute an additional 2% at closing in an effort to “reduce the time eligible homebuyers need to save [money],” the real estate marketplace said in a statement.

“Most markets are in the midst of an affordability crisis, and saving for a down payment remains one of the biggest barriers for many...

Read full story

AllSides Picks

More News about Housing and Homelessness from the Left, Center and Right

From the Left

From the Center

From the Right