Homebuyer affordability continued its downward trajectory in October, as the national median payment applied for by applicants increased 3.7 percent to $2,012 from $1,941 in September, according to the Mortgage Bankers Association’s Purchase Applications Payment Index.
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October Mortgage Application Payments Rise 3.7 Percent to $2,012
Homebuyer affordability continued its downward trajectory in October, as the national median payment applied for by applicants increased 3.7 percent to $2,012 from $1,941 in September, according to the Mortgage Bankers Association’s Purchase Applications Payment Index.
MBA Chart of the Week Nov. 10 2022: Housing Migration
This week’s MBA Chart of the Week shows the reasons for leaving one’s previous residence. The three main reasons in the 2021 AHS are wanting a larger or better-quality home (17.7%), wanting a more desirable neighborhood (15.6%) and forming their own household (14.4%).
MBA Chart of the Week Nov. 10 2022: Housing Migration
This week’s MBA Chart of the Week shows the reasons for leaving one’s previous residence. The three main reasons in the 2021 AHS are wanting a larger or better-quality home (17.7%), wanting a more desirable neighborhood (15.6%) and forming their own household (14.4%).
MBA Chart of the Week Nov. 4 2022: Mortgage Payment to Rent Ratio
This week’s MBA Chart of the Week examines another metric from our PAPI dataset – the mortgage payment to rent ratio. The orange line relates the median principal and interest payment to the median asking rent, and the blue line relates the 25th percentile mortgage application payment to the median asking rent (that may be a more suitable ratio for first-time homebuyers).
MBA Chart of the Week Nov. 4 2022: Mortgage Payment to Rent Ratio
This week’s MBA Chart of the Week examines another metric from our PAPI dataset – the mortgage payment to rent ratio. The orange line relates the median principal and interest payment to the median asking rent, and the blue line relates the 25th percentile mortgage application payment to the median asking rent (that may be a more suitable ratio for first-time homebuyers).
MBA: Homebuyer Affordability Drops in September Amid Surge in Mortgage Rates
Homebuyer affordability dropped in September, as the national median payment applied for by applicants increased by 5.5 percent to $1,941 from $1,839 in August, according to the Mortgage Bankers Association’s Purchase Applications Payment Index.
MBA: Homebuyer Affordability Drops in September Amid Surge in Mortgage Rates
Homebuyer affordability dropped in September, as the national median payment applied for by applicants increased by 5.5 percent to $1,941 from $1,839 in August, according to the Mortgage Bankers Association’s Purchase Applications Payment Index.
MBA Chart of the Week Oct. 7, 2022: 2021 Housing Stock
In this week’s MBA Chart of the Week, we show the stock of occupied homes in the U.S. by the decade built and by building type. The chart indicates that the housing stock in the U.S. is aging.
MBA Chart of the Week Oct. 7, 2022: 2021 Housing Stock
In this week’s MBA Chart of the Week, we show the stock of occupied homes in the U.S. by the decade built and by building type. The chart indicates that the housing stock in the U.S. is aging.