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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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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.