Average US Mortgage Size Hits Record-High $354,500 – The Florida Post

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Average U.S. mortgage size hits record-high 4500 -MBA; On the other hand , obtain to buy a home or to refinance one hit a record high of $354,500 last week, Please review Community Guidelines before posting a comment. Florida Judge Strikes Down Penalties for Passing Tougher Gun Laws.

The average size of mortgages U.S. consumers were looking to obtain to buy a home or to refinance one hit a record high of $354,500 last week, suggesting resilience in the higher end of the housing market, the Mortgage Bankers Association said.

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According to the Mortgage Bankers Association’s weekly applications survey, the size of the average home loan has reached a record high. And, since the survey has been conducted since 1990 and covers 75 percent of all retail residential mortgage applications, that’s saying something.

While first-time homebuyers in the US struggle to get loans, mortgages of up to $10m to the wealthy have hit a record high. said Mark Cohen, a mortgage broker at lender Cohen Financial Group in.

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Average US mortgage size hits record-high US$354,500 – However, interest rates on 30-year "jumbo" mortgages with loan balances greater than US$484,350 averaged 4.45 per cent, up from 4.41 per cent the week before. REUTERS. 15 Year Jumbo Loans & 15 Year Jumbo Mortgage Rates – How do 15 Year Jumbo Mortgage Rates Compare to 30 Year Rates?