Homebuyers are applying for ever bigger mortgages as home prices soar
Mortgage applications to purchase a home fell 4% last week from the previous week. The average purchase application size hit $411,400 — the highest since February. The average rate for 30-year fixed-rate mortgages increased to 3.15% from 3.11% Sky-high home prices mean demand for ever bigger mortgages, but those prices may also be causing a … Read more