State of Rhode Island
Recent News About State of Rhode Island
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Number of VA loans issued in Rhode Island decreases by 55.4% from 2022 to 2023
The U.S. Department of Veterans Affairs (VA) issued 671 home loans totaling $275.8 million in Rhode Island during the fiscal year 2023, according to the Veterans Affairs Home Loans Index.
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Average VA home loan amount in Rhode Island falls in Q4 2023
The average VA home loan amount in Rhode Island during the fourth quarter of the fiscal year 2023 was $407,645, a 1.2% decrease from the previous quarter, according to the Veterans Affairs Home Loans Index.
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Rhode Island ranks 49th in total VA home loans during Q4 2023
Rhode Island ranked 49th in VA home loans in the fourth quarter of 2023 with 187 loans issued, according to the Veterans' Affairs Home Loans Index.
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Rhode Island ranked 18th in average VA home loan amount in Q4 2023
With $407,645 in home loans issued, Rhode Island ranked 18th in average loan amount for VA home loans in the fourth quarter of fiscal year 2023, according to the Veterans' Affairs Home Loans Index.
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VA provides 27.8% fewer purchase loans in Rhode Island for 2023 vs. 2022
The number of VA purchase loans in Rhode Island for 2023 was 510 and totaled $220.3 million, according to figures provided by the Veterans Affairs Home Loans Index.
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VA issues fewer Interest Rate Reduction Refinance Loans in Rhode Island in 2023 vs. 2022
The VA issued 671 Interest Rate Reduction Refinance Loans in Rhode Island during the 2023 fiscal year, totaling $275.8 million, according to figures provided by the Veterans Affairs Home Loans Index.
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Rhode Island ranked 48th among U.S. states in total VA home loans during 2023
Rhode Island ranked 48th in VA home loans in 2023 with 671 loans issued, according to figures provided by the Veterans Affairs Home Loans Index.
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VA Purchase Loans in Rhode Island average $425,256 for Q4 2023
The average VA Purchase Loan amount for Rhode Island in the fourth quarter of fiscal year 2023 was $425,256, according to figures provided by the Veterans Affairs Home Loans Index.
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Rhode Island inflation rate lower than national average as of January 2024
As of January 2024, Rhode Island experienced a 14.7% increase in prices of goods and services since January 2021, compared to the nationwide trend of a 17.9% increase.
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VA’s Interest Rate Reduction Refinance Loans in Rhode Island average $421,995 for Q4
The VA’s Interest Rate Reduction Refinance Loans in Rhode Island for the fourth quarter of the fiscal year 2023 averaged $421,995, according to figures provided by the Veterans Affairs Home Loans Index.
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Number of VA loans issued in Rhode Island decreased by 30.5% from Q4 2022 to Q4 2023
The U.S. Department of Veterans Affairs (VA) issued 187 home loans totaling $76.2 million in Rhode Island during the fourth quarter of the fiscal year 2023, according to figures provided by the Veterans Affairs Home Loans Index.
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Average VA Purchase Loan amount in Rhode Island increases from Q2 to Q3 2023
The average VA Purchase Loan amount for Rhode Island in the third quarter of fiscal year 2023 was $433,380, according to figures provided by the Veterans Affairs Home Loans Index
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Rhode Island residents aged 55 to 59 most prevalent age group in 2021
The median age of Rhode Island residents was 40 in 2021, higher than the national average of 38.
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Census Bureau: More women than men in Rhode Island in 2021
Of the 1,091,949 people living in Rhode Island in 2021, 51.1% (557,666) were women and 48.9% (534,283) were men, according to U.S. Census Bureau data obtained by Ocean State Today.
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Higher individual income tax revenue in Rhode Island as of Q4 2023 compared to Q4 2022
The fourth quarter of 2023 brought in $403 million in individual income tax revenue for Rhode Island, a 5.8% increase from the same period in the previous year, according to the U.S. Census Bureau.
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6% of citizens in Rhode Island unemployed in 2021
The unemployment rate in Rhode Island hit 6% among residents aged 16 and 65 years old in 2021.
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Rhode Island receives $1.7 million in VA Interest Rate Reduction Refinance Loans during Q4
The VA issued four Interest Rate Reduction Refinance Loans in Rhode Island during the fourth quarter of fiscal year 2023, according to the Veterans Affairs Home Loans Index.
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VA issues more Interest Rate Reduction Refinance Loans in Rhode Island in Q4 vs. Q3 2023
The VA issued four Interest Rate Reduction Refinance Loans in Rhode Island during the fourth quarter of fiscal year 2023, compared to one loan the previous quarter, according to figures provided by the Veterans Affairs Home Loans Index.
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Rhode Island ranks 15th in average VA home loan amount in 2022
With $360,266 in issued loans, Rhode Island ranked 15th for the average amount of a VA home loan in 2022, according to figures provided by the Veteran Affairs Home Loans Index.
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Average VA home loan amount in Rhode Island increase from 2021 to 2022
The average VA loan amount for Rhode Island in the fiscal year 2022 was $360,266, according to the Veterans Affairs Home Loans Index.