A recent report by U.S. Mortgage Insurers revealed that a majority of mortgage originations are coming from first-time homebuyers. This indicates a growing trend in the housing market as more individuals enter the market for the first time.
Key points from the report include:
– Two-thirds of total mortgage originations are from first-time homebuyers
– Increasing participation of new buyers in the housing market
– Potential impact on housing affordability and availability for first-time buyers
You can read this full article at: https://www.housingwire.com/articles/private-mortgage-insurance-fueled-800k-low-down-payment-home-purchases-in-2023/(subscription required)
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