High interest rates and home prices are causing some prospective homebuyers to avoid applying for a mortgage. But despite this trend, some buyers are willing to adjust their loan term expectations to achieve homeownership, according to a recent report by real estate technology company REsimpli.

REsimpli questioned 1,200 respondents who had plans to buy or upgrade a home this year. The goal of the survey was to highlight how market trends can reshape the mortgage market in 2025. According to the survey, nearly 73% of surveyed mortgage borrowers were willing to extend their mortgage terms to lower details ⇒

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