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New home purchases jump 17% in March

Mortgage applications for new home purchases increased by 17% relative to the previous month, the March Mortgage Bankers Association’s Builder Application Survey said. The survey tracks application volume from mortgage subsidiaries of homebuilder across the country....

20 Percent Surge in Q1 New Home Purchase Apps

By: Jann Swanson Sales of new homes appeared to have surged in March.  According to the Mortgage Bankers Association (MBA) mortgage applications for new home purchases were up 17 percent from February.  The data is not seasonally adjusted. Lynn Fisher, MBA’s...

Buying cheaper than renting in 3 of 4 housing markets

  By: Trey Garrison Monthly house payment on a median-priced home is more affordable than the monthly fair market rent on a three-bedroom property in 76% of the U.S. counties included in the analysis, according to the latest report from RealtyTrac. The report...

Mortgage rates decline on weaker jobs report

  By: Trey Garrison Average fixed mortgage rates moved lower following a weaker than expected jobs report for March, according to the latest from Freddie Mac. 30-year fixed-rate mortgage averaged 3.66% with an average 0.6 point for the week ending April 9, 2015,...