Rocket Companies Inc., through a Redfin report, found that the typical U.S. homebuyer's down payment fell year over year in December for the first time in five months, dropping 1.5% to $64,000. The average down payment percentage also declined, with buyers putting down 15.2% of the purchase price compared to 16.7% a year earlier. This shift is attributed to buyers seeking more affordable homes amid high prices and mortgage rates, giving buyers more negotiating power in the current market.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260216291444) on February 16, 2026, and is solely responsible for the information contained therein.