New Home Mortgage Applications Spike In October

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2017 shows mortgage applications for new home purchases increased 16.1 percent compared to October 2016. Compared to September 2017, applications increased by 23 percent relative to the previous month, according to the MBA. This change does not include any adjustment for typical seasonal patterns.

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Source: Banker & Tradesman

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