first-time homebuyer mortgage demand
Mortgage Rates Overrated - First-Time Buyers Benefit
In April-May 2026, first-time homebuyers filed 40,724 mortgage applications - a 12% rise over the prior year - showing that high rates are not halting demand. Mortgage rates above 6% remain a factor, but resilient employment and strategic financing keep the market lively. Financial Disclaimer: This article is for