Homebuyer affordability declined in March, with the national median payment applied for by applicants rising 5 percent to $1,736 from $1,653 in February, the Mortgage Bankers Association reported Thursday.
Tag: MBA Purchase Applications Payment Index
MBA Chart of the Week Apr. 1 2022: MBA Purchase Applications Payment Index
On March 24, MBA released its inaugural, monthly Purchase Applications Payment Index (PAPI) – an affordability index that measures how new fixed-rate 30-year purchase mortgage payments vary across time relative to income.
MBA Chart of the Week Apr. 1 2022: MBA Purchase Applications Payment Index
On March 24, MBA released its inaugural, monthly Purchase Applications Payment Index (PAPI) – an affordability index that measures how new fixed-rate 30-year purchase mortgage payments vary across time relative to income.
Pending Home Sales Down 4th Straight Month
Pending home sales slipped again in February, marking four consecutive monthly declines, the National Association of Realtors reported Friday.
MBA: February Median Mortgage Application Payment Jumps 8.3% to $1,653
Homebuyer affordability decreased in February, with the national median payment applied for by applicants jumping 8.3 percent to $1,653 from $1,526 in January, the Mortgage Bankers Association reported Thursday.
MBA: February Median Mortgage Application Payment Jumps 8.3% to $1,653
Homebuyer affordability decreased in February, with the national median payment applied for by applicants jumping 8.3 percent to $1,653 from $1,526 in January, the Mortgage Bankers Association reported Thursday.