Spring Homebuyers Feel the Heat of Rising Mortgage Application Costs

Mortgage Professional America, Apr. 29, 2022–Candyd Mendoza
The Mortgage Bankers Association’s new Purchase Applications Payment Index, which measures how new monthly mortgage payments vary across time relative to income, edged up 5% to 150.9 in March from 143.7 in February. MBA Economist Edward Seiler said payments on new mortgages take up a larger share of a typical person’s income.
https://www.mpamag.com/us/mortgage-industry/market-updates/spring-homebuyers-feel-the-heat-of-rising-mortgage-application-costs/404222