Homebuyer affordability improved in October, with the national median payment applied for by purchase applicants decreasing to $2,039 from $2,067 in September, according to the Mortgage Bankers Association’s Purchase Applications Payment Index, which measures how new monthly mortgage payments vary across time–relative to income–using data from MBA’s Weekly Applications Survey.
Tag: Mortgage Application Payments
Mortgage Application Payments Decreased in September, MBA Reports
Homebuyer affordability improved in September, with the national median payment applied for by purchase applicants decreasing to $2,067 from $2,100 in September.
Mortgage Application Payments Decreased in July, MBA Reports
Homebuyer affordability improved in July, with the national median payment applied for by purchase applicants decreasing to $2,127 from $2,172 in June.
Mortgage Application Payments Increase in April
Homebuyer affordability declined slightly in April, with the national median payment applied for by purchase applicants increasing to $2,186 from $2,173 in March.
MBA: Mortgage Application Payments Remain Flat in February
Homebuyer affordability remained flat in February with the national median payment applied for by purchase applicants remaining unchanged at $2,205 in February.
MBA: Mortgage Application Payments Increased 0.3% to $2,133 in November
Homebuyer affordability declined in November, with the national median payment applied for by purchase applicants increasing to $2,133 from $2,127 from October.
MBA: Mortgage Application Payments Decreased 2.4% to $2,167 in June
Homebuyer affordability improved in June, with the national median payment applied for by purchase applicants decreasing to $2,167 from $2,219 in May.
Mortgage Application Payments Flat in June
Homebuyer affordability was essentially flat in June, with the national median payment applied for by purchase applicants decreasing 0.1% to $2,162 from $2,165 in May, the Mortgage Bankers Association reported.
MBA: Mortgage Application Payments Increased 2.3% in January to $1,964
Homebuyer affordability declined in January, with the national median payment applied for by purchase applicants increasing 2.3 percent to $1,964 from $1,920 in December 2022, the Mortgage Bankers Association reported.