First-time buyers are increasingly opting for longer mortgages

Length of the average mortgage term

for first-time buyers

33 years

Feb 2024

30.8 years

31

29

27

25

2008

2012

2016

2020

2024

Length of the average mortgage term for first-time buyers

33 years

Feb 2024

30.8 years

31

29

27

25

2006

2008

2010

2012

2014

2016

2018

2020

2022

2024