Tuesday , 26 January 2021

Mortgage Applications

Applications for New Home Purchases Remain Strong Despite November Dip

Applications for mortgages for new home purchases decreased 16% in November compared with October but were up 34.7% compared with November 2019, according to the Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS). “November new home sales activity, both mortgage applications and home sales, ran at a pace considerably ahead of 2019, showing the ongoing strong growth in housing demand …

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