First-time homebuyers made up a record share of agency purchase loans in 2023
Housing Wire
MARCH 3, 2024
Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations. The market in which these folks purchased their first home was one of record house prices, ballooning down payments , rising rates and elevated debt-to-income ratios (DTIs).
Let's personalize your content