33% Favor Letting People Buy Homes With No Money Down
Though most Americans continue to believe the federal government should only back mortgages for those who can repay them, one-out-of-three thinks letting people buy homes with no money down is good for the housing market.
A new Rasmussen Reports national telephone survey of American Adults shows that a majority (55%) thinks it is better for the housing market to require a 20% down payment from people buying a home rather than letting people buy homes with no money down. Thirty-three percent (33%) say it's better to let people buy homes without a down payment. Thirteen percent (13%) are undecided. (To see survey question wording, click here.)
The survey of 1,000 Adults nationwide was conducted on February 25-26, 2012 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.
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