Homebuying, not refinancing, drives mortgage applications up 2.3%

Slightly higher mortgage rates did not deter homebuyers looking for a loan last week.
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Wow! "Like" if you wouldn't mind waking up to an ocean view every morning!!

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Why homesellers are pulling back in this busy season

In the heart of the busiest season for housing, homesellers are pulling back. New listings in April fell 1.1 percent from a year ago, according to Redfin, a national real estate brokerage. That may not seem like a lot, but with the number of homes for sale extremely low and demand for homes high, the drop in new listings is unexpected and unwelcome. The reason has less to do with buyer demand and more to do with seller anxiety.
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Lowest rates in a year no enticement: Mortgage applications down 1.6%

Total mortgage application volume fell 1.6 percent last week from the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association. Volume was 18.4 percent higher than the same week one year ago.
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Doesn't this look like the perfect spot to curl up & relax? What do you think??

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Would you LOVE a spacious backyard like this in your new home??

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Real estate market recap: May 2-6, 2016

The big news in real estate markets, recapped for your convenience
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