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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 home sales stay at elevated level during April

Against the backdrop of fewer homes on the market, homebuyers in New York State closed 8,640 sales during April, falling only 2.6 percent from April 2017. The median sales price growth trend continued, increasing by nearly 12 percent compared to last April to reach $260,000 for the month. Click here to read more.