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Tag Archives: size

Mortgage demand falls, but average homebuyer size hits record

Total mortgage application volume fell 4.1% from the previous week, but were 16% higher than a year ago. The average loan amount for homebuyers hit another record high — $ 395,200, according to the Mortgage Bankers Association’s seasonally adjusted index reported by CNBC.  Homebuyers are seeing prices rise at the …

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Economic Preview: This week we’ll learn the size of the hole the U.S. economy fell into when COVID-19 struck

There are good economic reports, there are bad ones, and in some rate cases there are ugly ones. This week, we get ugly. We will find out how deep a hole the U.S. economy fell into in the second quarter this year when non-essential businesses closed down in many parts …

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