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Mortgage applications increase as rates continue to drop

Jan 28, 2016
In its Weekly Mortgage Applications Survey for the week ending January 22, 2016, the Mortgage Bankers Association (MBA) reported that the volume of mortgage loan applications rose 8.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index increased 0.3 percent compared with the previous week. This week’s results include an adjustment to account for the Martin Luther King holiday.
 
Both the Refinance Index and the Purchase Index also increased, rising 11 percent and 5 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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