increase-twoDuring the month of October, the number of applications requested for mortgages to buy newly built homes went up by 11 percent, compared to September.

67.5% of all mortgage loans were conventional loans, 17.8% - FHA loans, 13.8% - VA loans and .9% - RHS/USFA loans. Also, the average loan size for new homes went up to $294,480 in October. Previously the average was $289,650.

 

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