This holiday-weekend combined post is your chance to catch up with news included to inform, enlighten and perhaps even entertain you. You’ll find Out and About early next week and additional posts every day except President’s Day as usual.
COMMON DISPUTE ABOUT SQUARE FOOTAGE MAKES RARE COURT APPEARANCE
Four years ago, Rishi Bhandari and his fiancée put down a deposit on a condo in Downtown Brooklyn. The price was $795,000, for a two-bedroom two-bathroom apartment, reports the New York Times.
But just before they were to close, Continue reading
The Mortgage Bankers Association (MBA) said today that mortgage loan application volume increased 1.3 percent lasts week on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the gain was 1.4 percent.
Refinancing activity also rose, by 1.3 percent, and purchase volume grew by 1.5 percent. It was the third consecutive weekly increase for purchase applications. Continue reading
The Mortgage Bankers Association (MBA)reported today that loan application volume slumped 1.2 percent on a seasonally adjusted basis the week of Feb. 5 from one week earlier. Unadjusted, activity increased 0.6 percent.
Refinancing applications went up 1.4 percent and purchases fell 7.0 percent seasonally adjusted. Unadjusted purchase volume decreased 1.1 percent; it was 7.5 percent lower than the same week one year ago.
The refinance share of mortgage activity grew to 69.7 percent of total applications from 69.2 percent the previous week, and the adjustable-rate mortgage (ARM) share was unchanged at 4.5 percent.
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Charles Rutenberg Realty
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