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Borrowers lock in loans as rates surge

Mar 16, 2017
Mortgage interest rates climbed to their highest level since 2014 last week, and customers are rushing to lock in rates before any further increases, according to the Mortgage Bankers Association. The average on a 30-year fixed-rate mortgage rose to 4.46 percent, up from 4.36 percent the week prior.

Total mortgage application volume, including both home purchases and refinancings, increased 3.1 percent last week from the previous week on a seasonally adjusted basis, the MBA says.

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New York first quarter statewide home sales strong 
despite slide from record pace

With 25,192 closed sales across the Empire state in the first quarter, the housing market posted a strong start to 2018, even as it fell short of 2017’s record. The first quarter 2018 statewide median sales price of $260,000 represented an increase of 7.4 percent from a year ago. Click here to read more.

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