Mortgage demand for new homes is down 6.9% in the past year
Housing Wire
MARCH 13, 2025
The share of Federal Housing Administration (FHA) loan applications hit a record high for the survey, accounting for nearly one-third of all applications. The average loan size decreased, signaling that first-time homebuyers remain active in the market, Kan said. By loan type, conventional mortgages made up 56.7%
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