Private Mortgage Insurance
Low Down Payments
First-time homebuyers paid an average 0.47% more in mortgage interest rates in the second quarter of 2018 than the second quarter 2017.
The report showed the following market share for first-time homebuyers
Single-family homes sold
Purchase mortgages originated
Monthly mortgage payments increased 12.6% annually in the second quarter.
Up to 67% from 2013!
Data Source: Genworth