According to SMR Research, more than 70% of all homebuyers borrowed over 80% of the purchase price in 2004. 33% of homebuyers took adjustable rate or interest-only mortgages. In 2005 48.2% bought homes with no money down.
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According to SMR Research, more than 70% of all homebuyers borrowed over 80% of the purchase price in 2004. 33% of homebuyers took adjustable rate or interest-only mortgages. In 2005 48.2% bought homes with no money down.