Category: Industry News

New Home Purchase Apps Rise in September: MBA

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Loan applications for new home purchases rose 3% in September over the previous year, but continued year-over-year growth could be subdued for the rest of 2016, according to the Mortgage Bankers Association.

New single-family home sales occurred at an estimated seasonally adjusted annual rate of 593,000 units in September, a 1.3% dip from August, the MBA’s Builder Application Survey released on Thursday said.

Read the source article at National Mortgage News