Tagged: First-Time Homebuyers

Fannie Mae says boost to popular index arrived prior to recent jump in mortgage rates to 7%

Rentership rates geolocate markets where borrowers can still find affordable homes — and where they can't find any.

As lock-in effects persist, an era of concentrated demand among first-time homebuyers overlaps with an era of increasing unaffordability.

The report noted a 5% increase in programs for first-generation homebuyers

Roughly 40% of new builds are going to first-time homebuyers, but larger firms have more success reaching this group of buyers.

Maxwell reported the share of HELOCs rose 31% quarterly and 61% year over year to comprise 3.88% of the second-quarter market.

The Detroit-based lender today introduced "Welcome Home RateBreak," a lender-paid 2-1 temporary buydown program.

A growing share of borrowers are over-leveraged as piggyback mortgages rise in popularity and necessity

Half of all states have at least one city with a typical starter home worth $1 million or more.

Existing homes sold in June at a rate only 40,000 units above that experienced in October 2023 — when mortgage rates kissed 8% — and 1.5 million units lower than June 2019.