The average size of a mortgage purchase application increased 9% from December to March, up to $233,300 from $214,500. This points to an improved appetite in borrowers for mortgage credit, notes Capital Economics' Paul Diggle. So logically, as higher-end buyers return to the market, volume should begin shifting to the higher price ranges, which in turn may give a much needed boost to the median price range as well.
The average size of a mortgage purchase application increased 9% from December to March, up to...
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs