As applications for home loans dropped last week, the average loan size continued to break records. The number hit $370,200 last week, an all-time high for the Mortgage Bankers Association’s weekly survey, which has been running since 1990. The previous record of $368,600 was set a week earlier. Also last week, an index tracking the weekly volume of mortgage applications to buy homes dropped 1 percent, seasonally adjusted. The Mortgage Bankers Association metric, known as
source https://therealdeal.com/2020/09/16/size-does-matter-home-loan-average-hits-record-high-again/
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