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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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Empire State home sales set January record

The home sales growth trend continued in New York State during January with the 8,472 closed sales setting a new high-water mark for the month. The January statewide median sales price of $250,000 represents an increase of 8.7 percent from a year ago. Click here to read more.

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