Mortgage Application Payments Increase in April

Homebuyer affordability declined slightly in April, with the national median payment applied for by purchase applicants increasing to $2,186 from $2,173 in March.

MBA: Mortgage Application Payments Flat in December

Homebuyer affordability improved slightly in December, with the national median payment applied for by purchase applicants decreasing to $2,127 from $2,133 in November, according to MBA’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.