In 2023, new mortgages were predominantly obtained by White homebuyers, comprising slightly less than two-thirds of all new mortgages issued. This distribution highlights a trend where White buyers continue to secure a significant portion of mortgage loans compared to other demographics.
Key Points:
– 62.2% of new mortgages in 2023 were obtained by White homebuyers
– Study reveals a majority of mortgage loans still go to White buyers
– Trend underscores continued disparities in mortgage lending among different racial groups
– For more details, refer to the original article: Study: Fewer White Buyers Taking Out Mortgages on Weekly Real Estate News website
You can read this full article at: https://wrenews.com/study-fewer-white-buyers-taking-out-mortgages/
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