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The average size of a mortgage purchase application increased 9% from December to March, up to...

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.
Comments (1)
  • The_Hammer
    , contributor
    Comments (3810) | Send Message
     
    HURf$#@2nR AY. More debt.

     

    363% total debt to gdp and expanding again! tick tock tick tock

     

    great news more leeches sucking interest spreads off of slaves.
    11 Apr 2012, 09:09 PM Reply Like
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