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Home » Store » Government-Insured Lending » Tight Underwriting and Prospect of Discount Pricing Push More Homebuyers to Cash, HousingPulse Finds

Tight Underwriting and Prospect of Discount Pricing Push More Homebuyers to Cash, HousingPulse Finds

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Government-Insured Lending

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The lure of discount pricing combined with the hassle of tough mortgage underwriting standards appears to be pushing more homebuyers away from mortgage financing and toward all-cash home purchases, the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey results suggest. According to the new HousingPulse data, the share of homebuyers relying on all-cash transactions climbed to a record high 35.2 percent in May. That was up from a 30.7 percent level a year ago and...
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