Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

About one in five U.S. adults who purchased a home within the last three years as their primary residence say they spent above their suggested price range, while two-thirds stayed within their price range and 12 percent were below their price range, according to a Wall Street Journal Online/Harris Interactive Personal Finance Poll. When obtaining a mortgage for their new home, recent home buyers who used a mortgage broker, direct lender or another source were nearly three times more likely to obtain a fixed-rate mortgage than an adjustable-rate mortgage, the poll also revealed, and one-third of respondents chose a creative or option mortgage. The online survey of 2,300 U.S. adults was conducted from Aug. 19-23 for The Wall Street Journal Online's Personal Journal Edition. About 29 pe...