The average size of mortgages U.S. consumers were looking to obtain to buy a hom...
FILE PHOTO: A home"SOLD" sign hangs in front of a house in Vienna, on the day the National Association of Realtors issues its Pending Home Sales for February report, in Virginia March 27, 2014. REUTERS/Larry Downing
On the other hand, the rise hints that first-time buyers face a challenge in finding their home of choice heading into spring, which is typically the busiest time of the year for home sales, the Washington-based industry group said. The MBA’s seasonally adjusted index of loan applications to buy a home grew 4.3 percent to 250.8 in the week ended March 8.
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