"Average U.S. mortgage size hits record-high $354,500 -MBA" March 14, 2019 "The average size of mortgages U.S. consumers were looking to obtain to buy a home or to refinance one hit a record high of $354,500 last week, suggesting resilience in the higher end of the housing market, the Mortgage Bankers Association said on Wednesday.
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U.S. mortgage debt reached a record in the second quarter, surpassing the high of $9.294 trillion in the third quarter of 2008, the Federal Reserve. The average rate on a 30-year fixed-rate mortgage dropped below 4% in.
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The Mortgage Bankers Association’s Builder Application Survey (BAS) for the month was down 1 percent nationwide but increased from August by 5.6 percent in Texas, 1.6 percent in Florida, and 15.5.
Loan applications rose in February for home purchases of $500,000 or more while declining for all other levels, according to the Mortgage Bankers Association. In April, the average loan size. to a.
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NEW YORK (Reuters) – The average size of mortgages U.S. consumers were looking to obtain to buy a home or to refinance one hit a record high of $354,500 last week, suggesting resilience in the higher end of the housing market, the Mortgage Bankers Association said on Wednesday.