REBLOGGED FROM: HousingWire – Trey Garrison
Modest-size mortgage applications shrink even as mid-level and jumbo applications have seen growth in the first quarter of 2015, the Mortgage Bankers Association says.
In its Chart of the Week, the MBA shows how in 2014, purchase applications for mortgages of less than $417,000 declined on a year-over-year basis.
But in the first quarter of 2015, purchase applications for amounts between $150,000 to $300,000 and $300,000 to $417,000 began to show growth over the previous year’s levels.
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