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Application volume is flat as refinance activity slows

Manhattan homebuyers make fewest first-quarter deals since 2009 Home equity alternative Point raises $122M in new funding NMI stock offering enhances future capital raising abilities Millennial mortgages close rapidly as low rates raise purchasing power Inventory keeps contracting as higher rates deter sellers: Redfin Millennial mortgages close rapidly as low rates raise purchasing power millennials closed mortgage loans at their fastest pace in four years as lower interest rates pushed up purchasing power and incentivized them to pull the trigger, according to Ellie Mae.Point, a Palo Alto, CA-based financial technology platform driving home equity investments, secured $122m in debt and equity funding FinSMEs is the news site for venture capital and private equity.