First-time homebuyers made up 30 percent of existing home sales in March 2015, at par with past months’ levels (29 percent in February 2015; 30 percent in March 2014) .
Recent measures to make mortgages more affordable and credit more available for first-time buyers (e.g., lower FHA mortgage insurance, 3 percent down payment GSE-backed loans, and relaxation and clarity regarding lender buyback of loans they originate) were reported to be helping homebuyers get back into the market.
What does this mean for your plans?
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