Mortgage applications for new home purchases fell in August, as the homebuying season comes to a close, according to Builder Application Survey data for August 2015 from the Mortgage Bankers Association released Thursday.
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Survey: Purchase Applications for New Homes Down in May
Yesterday, as mortgage rates crept up to 4 percent this week for the first time since November 2014, consumers responded with a decrease of mortgage applications by 9 percent, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2015.
Read More »Survey Shows Applications for New Home Purchases are Up
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) results showed mortgage applications for new home purchases increased by 0.3 percent compared to last month for April 2015. No adjustments for typical seasonal patterns were included in this data.
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