Article: Nearly One in Five Recent Homebuyers Purchased a Home That Exceeded Their Price Range, According to a New Wall Street Journal Online/Harris Interactive Personal Finance Poll.

Approximately one-third of recent homebuyers who obtained a mortgage through a broker, direct lender or another source have creative or option mortgages

ROCHESTER, N.Y., Sept. 16 /PRNewswire/ -- A new 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. When obtaining a mortgage for their new home, recent homebuyers who used a mortgage broker, direct lender or another source were ...

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