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First-time buyers have ‘no low-rate mortgage to surrender’—and with rates back above 7%, one-quarter are leaning on family for the down payment

First-time buyers have ‘no low-rate mortgage to surrender’—and with rates back above 7%, one-quarter are leaning on family for the down payment

Feed excerpt — reported by Fortune

For first-time buyers, saving for a down payment can take years, and a record share are now relying on inheritances.

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