Thursday , 21 January 2021

new home

Applications For New Home Purchases Jumped 5 Percent in October

Applications for mortgages for new home purchases jumped 5% in October compared with September and were up 32.9% compared with a year ago, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS). The MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 927,000 units in October, an increase of 6.7% compared with …

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