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.