Mortgage applications for new home purchases rose 2% year over year in December, the Mortgage Bankers Association reported.

Conventional loans made up 67.5% of these applications, with FHA and VA loans composing 18.5% and 13.1%, respectively, the MBA said Thursday based on data from its Builder Applications Survey. The average loan size of new homes also increased to $331,354 from $329,389 in November.

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