Home Purchase Activity Up 20% Over Last Year

Mortgage applications decreased this week but economists say homebuying sentiment has improved over this time last year thanks to an increase in homes on the market.  According to the latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and includes purchases and refinances—decreased 1.6% on a seasonally adjusted…

The post Home Purchase Activity Up 20% Over Last Year appeared first on RISMedia.

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