Homebuyer affordability declined in February, with the national median payment applied for by purchase applicants increasing to $2,184 from $2,134 in January. This is according to the Mortgage Bankers Association’s Purchase Applications Payment Index, which measures how new monthly mortgage payments vary across time–relative to income–using data from MBA’s Weekly Applications Survey.
Tag: BPAPI
MBA: Mortgage Application Payments Decreased 3.8% to $2,055 in December
Homebuyer affordability improved in December, with the national median payment applied for by purchase applicants decreasing to $2,055 from $2,137 in November.