May Mortgage Application Payments Rise to $1,897

Homebuyer affordability was largely unchanged in May, with the national median payment applied for by applicants up slightly to $1,897 from $1,889 in April, according to the Mortgage Bankers Association’s monthly Purchase Applications Payment Index.

MBA Weekly Survey June 15, 2022: Applications Up 1st Time in 5 Weeks

Mortgage applications rose for the first time in five weeks, even as interest rates jumped to the highest level since 2008, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending June 10.

MBA Weekly Survey June 15, 2022: Applications Up 1st Time in 5 Weeks

Mortgage applications rose for the first time in five weeks, even as interest rates jumped to the highest level since 2008, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending June 10.

MBA Weekly Survey June 8, 2022: Applications Fall Again

Mortgage applications decreased 6.5 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 3, 2022.

MBA Chart of Week June 3, 2022: MBA Purchase Applications Payment Index

In March, 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. The third PAPI release on May 26 – based on April MBA Weekly Applications Survey data – gives us a picture of how affordability has been affected by increasing interest rates and elevated loan application amounts in the first third of 2022.