Market ResearchNew This WeekNewsletter

New Home Mortgage Applications Rebound In January

According to National Mortgage Professional, “applications for new home purchases increased in January, driven by typical seasonal patterns and lower mortgage rates,” said Joel Kan, MBA’s vice president and deputy chief economist. “The 30-year fixed rate declined almost 40 basis points over the month and this stirred some homebuyers to act, especially those who might have delayed their purchase when mortgage rates were higher.”

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