The crisis is forcing Millennials to put homeownership on hold. YPulse’s exclusive COVID research found that 54% of 13-39-year-olds are afraid of the economy crashing because of Coronavirus and it’s causing many of them to reassess their finances—especially when it comes to home buying. Mortgage loan company Freddie Mac reports that home loans dropped down to 3.26%—the lowest since 2012. Millennials have also been laid off at a higher rate than older generations, setting the stage for even more to delay home ownership. (PYMNTS)
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