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Lower mortgage rates boost loan demand

Apr 27, 2017
Total mortgage activity, which includes applications for refinancings and home purchases, rose 2.7 percent on a seasonally adjusted basis as homeowners rushed to take advantage of lower mortgage rates, according to the Mortgage Bankers Association. 

The average 30-year fixed-rate mortgage was at 4.2 percent last week, decreasing from 4.22 percent the week prior.

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Empire State housing market stays hot in January

New York State home sales remained strong to start the new year with 8,698 closed sales, falling just shy of the 2017 record for January, according to the annual housing market report released by the New York State Association of REALTORS. The January statewide median sales price of $266,000 represented an increase of 8.4 percent from a year ago. Click here to read more.