Mortgages taken out by Millennials in the U.S. 2020, by type of mortgage

Published by Statista Research Department, Jun 7, 2023
In November 2020, the share of refinance mortgage loans closed by younger Millennials in the United States was 24 percent compared with 52 percent for older Millennials. Refinancing activity increased from the previous month due to many borrowers taking advantage of lower interest rates.

Distribution of purchase and refinance mortgages of Millennials in the United States in November 2020

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Sources

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Release date

January 2021

Region

United States

Survey time period

November 2020

Number of respondents

5,870 respondents

Special properties

Millennials

Method of interview

Postal questionnaire

Supplementary notes

The source defines Millennials as applicants born between the years 1980 and 1999.

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Statistics on " Millennials homeownership in the United States "

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Overview

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Homeownership plans

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Home financing

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Home buying process

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Renovations

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Further related statistics

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