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Home » Fewer Renters Looking for a Purchase Mortgage, Saving for Downpayment a Significant Hurdle
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Fewer Renters Looking for a Purchase Mortgage, Saving for Downpayment a Significant Hurdle

April 20, 2017
The share of renters who expect to purchase a home is declining, according to a survey conducted for Freddie Mac. Even though many renters reported optimism about their financial situations, saving for a downpayment and other factors present hurdles to financing a home purchase. Some 41 percent of renters surveyed said they expect to purchase a home, down from 45 percent in September. Freddie also found that the number of renters who say they are working toward homeownership fell from 21 percent in September to 15 percent in March. Most renters said...
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