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Applications for New Home Purchases Decrease in May

June 17, 2016 8:49 pm

In May, mortgage applications for new home purchases decreased by 6 percent relative to the previous month, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS).This change does not include any adjustment for typical seasonal patterns. “Despite applications being down in May, each month this year has seen positive year over year growth […]
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