ICE: First-Time Homebuyers Account for Record 47% of GSE Purchase Loans in 2023

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Home Industry News

By Deborah Kearns

March 14, 2024

Reading Time: 4 mins read

ICE: First-Time Homebuyers Account for Record 47% of GSE Purchase Loans in 2023

First-time homebuyers have long faced a trifecta of high mortgage rates, low housing inventory and climbing home prices throughout much of the country, making homeownership a difficult journey.

Despite these challenges, first-time homebuyers still made up the largest share (55%) of all agency mortgage purchase securities issuance in a decade and a record 47% of all government-sponsored enterprise (GSE) purchase loans in 2023, according to the ICE March Mortgage Monitor report.

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Deborah Kearns

Deborah Kearns is a freelance editor and writer with more than 15 years of experience covering real estate, mortgages and personal finance topics. Her work has appeared in The New York Times, Forbes Advisor, The Associated Press, MarketWatch, USA Today, MSN and HuffPost, among others. Deborah previously held editorial leadership and writing roles at NerdWallet, Bankrate, LendingTree and RE/MAX World Headquarters.