The purported laziest generation in history is propping up the mortgage market. Millennials made up 61 percent of home loans in July, up five percentage points from June, according to a report from mortgage software company Ellie Mae. Millennials are motivated to buy homes in part by the average interest rate having dropped to 3.25 percent — the lowest since Ellie Mae began tracking it. Mortgage rates have remained historically low as the Federal Reserve
source https://therealdeal.com/2020/09/03/thanks-millennials-younger-generation-props-up-mortgage-market/
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