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Mortgage applications fall for first full week of May

May 15, 2015
In its Weekly Mortgage Applications Survey for the week ending May 8, 2015, the Mortgage Bankers Association (MBA) reported that the volume of mortgage loan applications fell 3.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index decreased 3 percent from the previous week.
 
Both the Refinance Index and the Purchase Index decreased as well, falling 6 percent and 0.2 percent respectively. 
 
To read the entire MBA press release, click here.
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New York State home sales set second quarter record

The New York State housing market set a record high for second quarter home sales, reaching 32,444 homes sold. The second quarter statewide median sales price of $245,000 represents an increase of 6.5 percent from the 2016 second quarter. Click here to read more.

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