Homebuyers are turning to all-cash offers to get around high mortgage rates

Homebuyers are turning to all-cash offers to get around high mortgage rates

Frustrated by mortgage rates above 6%, a growing share of first-time homebuyers are opting to pay for their homes in cash to avoid high borrowing costs. In October this year, 32% of homes sold in the United States were paid for with all cash, according to a new report from real-estate brokerage firm Redfin RDFN….