MBA: Mortgage Application Payments Increased 0.9% to $2,112 in April

Homebuyer affordability declined further in April, with the national median payment applied for by purchase applicants increasing 0.9 percent to $2,112, the Mortgage Bankers Association’s Purchase Applications Payment Index reported.

MBA Chart of the Week, Apr. 14, 2023: Number of Homes Available for Sale

MBA’s forecast calls for a gradual recovery in home purchase activity in the second half of 2023, driven by some catch-up buying from 2022 when mortgage rates surged and by younger age cohorts entering homeownership. However, this recovery will be dependent on affordability conditions improving

MBA Chart of the Week, Apr. 14, 2023: Number of Homes Available for Sale

MBA’s forecast calls for a gradual recovery in home purchase activity in the second half of 2023, driven by some catch-up buying from 2022 when mortgage rates surged and by younger age cohorts entering homeownership. However, this recovery will be dependent on affordability conditions improving

MBA: February Mortgage Application Payments Up 5%

Homebuyer affordability declined in February, with the national median payment applied for by purchase applicants increasing 4.9 percent to $2,061 from $1,964 in January, according to the Mortgage Bankers Association’s monthly Purchase Applications Payment Index.

MBA: February Mortgage Application Payments Up 5%

Homebuyer affordability declined in February, with the national median payment applied for by purchase applicants increasing 4.9 percent to $2,061 from $1,964 in January, according to the Mortgage Bankers Association’s monthly Purchase Applications Payment Index.