San Gabriel Valley Real Estate

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Share of First-Time Home Buyers Hits 27-Year Low

Share of First-Time Home Buyers Hits 27-Year Low

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Housing market showing gradual improvement

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What you should know …

 Mortgage applications dropped again this week, falling 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending October 31, 2014).
 The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 3 percent compared with the previous week.
 The Refinance Index decreased 6 percent from the previous week. The seasonally adjusted Purchase Index increased 3 percent from one week earlier.
Beyond_the_Headlines_11-6-14

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This entry was posted on November 8, 2014 by and tagged , , .

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Rich & Annie Reed
REALTORS
Long Dragon Realty
CalBRE# 01906230 & 01894384

(English/Spanish)
626-538-5116

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