Mortgage Applications Rise, as Foreclosures Drop and Insects Devour Phoenix
National Mortgage Professional, Oct. 13, 2015–Hall, Phil
The first batch of good news comes via the latest Mortgage Bankers Association Builder Application Survey data, which found mortgage applications for new home purchases increased by 3 percent from August. Conventional loans made up more than two-thirds of the mortgage products being sought, while the average loan size of new homes increased from $317,035 in August to $324,884 in September.
