How can three states be tied at such a specific amount? Did they digitize a histogram or something?
Reproducing here for reference:
Florida $98,670 17.0%
Hawaii $98,670 17.0%
Washington, D.C. $98,670 20.9%> However looking at the percentage of the total value put down as a down payment in those states (10%) indicates homebuyers there tend to have longer repayment plans.
edit: or being more charitable, I'm completely misinterpreting this passage? Down payments don't change the length of a mortgage.
[0] https://www.bankrate.com/mortgages/average-down-payment/#wha...