Mortgage Rates Drop Again—And First-Time Homebuyers Take Full Advantage
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First-time homebuyers have made up a large share of 2019 mortgage loans.
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Mortgage rates dropped again, and according to Freddie Mac, the downward spiral has first-time buyers gaining ground. In fact, of all the loans Freddie Mac has purchased in 2019, 46% came from first-time homebuyers—a two-decade high for the company.
According…
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