Tag Archives: Second Home Mortgages

Forty-nine of the top 50 vacation home markets saw double-digit growth last season according to rate lock and mortgage application data.

Since 1998, second-home mortgages have averaged about 4.76 percent of the total purchase market, but the share is rising, according to Fannie Mae. While the purchase market increased four-fold from 1998 through the bubble years, the second-home mortgage market multiplied by 15 over the same years.