How to save for a down payment

Although mortgage rates may be rising, that can be good news for your savings. Some banks and credit unions are paying as much as 4% annual percentage yield (APY) on select accounts. Consider stashing your savings in one of the following:The median down payment for all homebuyers is 19%, according to the National Association of Realtors . First-time homebuyers make a median down payment of 10%.Once you’ve decided how much home you can afford , you can start deciding how much to put down on your house and ma ...