Survey: Most Buyers Willing to Go Over Budget on a Home

Record low mortgage rates — at less than 3% in recent weeks — may be giving some home buyers a false sense of security about how much more they can truly afford.

Sixty-four percent of more than 1,000 home buyers recently surveyed say they are willing to go over budget for their perfect house. That sentiment is particularly strong for millennials — 76% of millennials say they’re willing to pay more for a home, according to a recent LendingTree survey.