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Loan applications to buy spring ahead 5 percent

May 03, 2017
Home buyers are returning to the mortgage market, undeterred by rising mortgage rates. Mortgage applications to buy a home, viewed as a gauge of future homebuying activity, climbed 4 percent last week on a seasonally adjusted basis, according to the Mortgage Bankers Association. Purchase applications are now nearly 5 percent higher than a year ago.

The average 30-year fixed-rate mortgage was 4.23 percent, up from 4.2 percent the week prior. 

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New York first quarter statewide home sales strong 
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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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