Tuesday, September 27, 2005

Spend more than you expected to buy your home?

... Then join nearly one in five home buyers who also did just that. The Wall Street Journal Online/Harris Interactive Personal Finance Poll "finds that nearly one in five (19%) U.S. adults who purchased a home within the last three years for their primary residence say they spent above their suggested price range, while two-thirds (67%) stayed within their price range and 12% were below their price range."

That same Poll found that home buyers mainly used a fixed-rate mortgage to finance the purchase.

To read the entire article, go here (pdf file).

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