Median Mortgage Payments Decrease, Affordability Improves in 47 States

MortgageOrb, Aug. 25, 2022–Ariana Fine
Homebuyer affordability improved for the second straight month in July, with the national median payment applied for by applicants decreasing to $1,844 from $1,893 in June. This is according to the Mortgage Bankers Associationā€˜s Purchase Applications Payment Index.