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New Home Mortgage Applications in U.S. Spike 20.1 Percent Annually in May

Based on the Mortgage Bankers Association’s latest Builder Application Survey for May 2019, U.S. mortgage applications for new home purchases increased 20.1 percent compared from a year ago. Compared to April 2019, applications increased by 0.1 percent. This change does not include any adjustment for typical seasonal patterns. “Purchase activity strengthened in May, with new

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