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Mortgage applications increase as rates continue to drop

Jan 28, 2016
In its Weekly Mortgage Applications Survey for the week ending January 22, 2016, the Mortgage Bankers Association (MBA) reported that the volume of mortgage loan applications rose 8.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index increased 0.3 percent compared with the previous week. This week’s results include an adjustment to account for the Martin Luther King holiday.
Both the Refinance Index and the Purchase Index also increased, rising 11 percent and 5 percent respectively.
To read the entire MBA press release, click here.
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Home sales near record high in November

There were 10,719 closed home sales across New York State during November, representing the second-highest total on record for the month. The November sales record of 10,991 was set in November 2016. The statewide median sales price grew by 5.8 percent in November compared to last November. Click here to read more.