Silver Lining in Cooled Down Housing Market is Homebuyer Affordability

HousingWire, Aug. 25, 2022–Connie Kim

Real estate and mortgage professionals are lamenting the housing market slowdown, but there is one benefit: some buyers are catching a (relative) break. The national median monthly payment applied for by mortgage applicants dropped $49 to $1,844 in July, marking improved homebuyer affordability for two straight months, the Mortgage Bankers Association said.