February new home mortgage applications up 3.0 percent from January and 4.6 percent year-on-year

The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for February 2018 shows mortgage applications for new home purchases increased 4.6 percent compared to February 2017. Compared to January 2018, applications increased by 3 percent. This change does not include any adjustment for typical seasonal patterns.

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