Wednesday, March 8, 2017

MBA: Average loan size for purchase applications hits all-time high

The average loan size for purchase mortgage applications reached an all-time high last week, according to the latest data from the Mortgage Bankers Association. The report shows that the average loan size for purchase applications last week was $313,300 - that’s the highest that figure has been during any week since the MBA began conducting its weekly application survey in 1990.

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