First-time homebuyers made up 55% of agency purchase mortgages in 2023, according to Intercontinental Exchange (ICE) eMBS data, the highest such share in the 10 years ICE has been tracking the metric.
A record 47% of government-sponsored enterprise (GSE) purchase loans in 2023 came from first-time homebuyers, a number that’s been trending gradually higher throughout the past decade.
“Since 1995, only two quarters have seen fewer than one million first lien mortgages originated,” Andy Walden, vice president of enterprise research at ICE.
“The first was Q1 2023, and Q4 the second. Looking back, last year’s details ⇒
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