Mortgage Applications for New Home Purchases Increase in March: Report

Mortgage Applications for New Home Purchases Increase in March: Report

Mortgage applications for new home purchases increased 5.5 percent compared to a year ago, according to new data released by the Mortgage Bankers Association (MBA) on April 18. “Applications for new home purchases increased in March, consistent with typical seasonal patterns and supported by mortgage rates that had been drifting lower,” said Joel Kan, MBA’s vice president and deputy chief economist. “The growing inventory of newly built, move-in…

Mortgage completions surge by 50% in March, research reveals

Mortgage completions rose by 50% in March, reaching the highest level since September 2021, according to Barclays Property Insights. Barclays Property Insights data found completions among first-time buyers (FTBs) increased by 70% compared to February. Research also showed that homebuyers now need an extra £13,530 on top of property prices to cover Stamp Duty, solicitor fees, and surveys.  This is up from £9,337 for those who bought homes over f…

Serviceability buffer promise poses string of risks for new buyers - realestate.com.au

Peter Dutton has promised to relax mortgage lending rules to help new buyers, but new research reveals it could actually do the opposite.