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MBA: October New Home Purchase Mortgage Applications Increased 39.7%
The Mortgage Bankers Association Builder Application Survey data for October 2023 shows mortgage applications for new home purchases increased 39.7% compared from a year ago.
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FundingShield: Concerns of Wire, Title Fraud Still High in Q3
FundingShield, Newport Beach, Calif., reported risks of wire and title fraud remained high in third-quarter data, although fairly flat from the previous quarter.
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Zillow: Buyer Demand Hanging Tough Despite High Rates, Seasonal Cooldown
Low inventory levels are spurring surprisingly strong housing market competition despite mortgage rates reaching 23-year highs, according to Zillow, Seattle.