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Mortgage applications continue to fall in October

Oct 14, 2015
In its Weekly Mortgage Applications Survey for the week ending October 9, 2015, the Mortgage Bankers Association (MBA) reported that the volume of mortgage loan applications fell 27.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index fell 27 percent compared with the previous week. 
 
Both the Refinance Index and the Purchase Index also fell from one week earlier, decreasing 23 percent and 34 percent respectively. 
 
To read the entire MBA press release, click here
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NYS home sales post second-highest May total

Homebuyer activity remained strong in May, driving the New York State housing market to the second-highest sales total for the month with 10,348 closings. May 2018 closed sales were 8.6 percent lower than the record of 11,322 set in May 2017. The median sales price growth trend continued, increasing by 11.5 percent compared to last May, ending the month at $262,000. Click here to read more.

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