MBA’s Purchase Applications Payment Index showed that, although national affordability conditions have worsened somewhat since the start of the Iran conflict, the longer-term trend over the past three years has been one of gradual improvement.
Tag: PAPI
MBA: Mortgage Application Payments Decreased in June
Homebuyer affordability improved in June, with the national median payment applied for by purchase applicants decreasing to $2,191 from $2,198 in May, according to MBA’s Purchase Applications Payment Index.
MBA: Mortgage Application Payments Increased in May
Homebuyer affordability declined in May, with the national median payment applied for by purchase applicants increasing to $2,198, according to MBA’s Purchase Applications Payment Index.
MBA: Mortgage Application Payments Increased in April
Homebuyer affordability declined in April, according to MBA’s Purchase Applications Payment Index, which measures how new monthly mortgage payments vary across time relative to income.
Mortgage Application Payments Increased in March, MBA Reports
Homebuyer affordability declined in March, with the national median payment applied for by purchase applicants increasing to $2,131 from $2,061 in February, according to the Mortgage Bankers Association’s Purchase Applications Payment Index.
MBA: Mortgage Application Payments Increased in January
Homebuyer affordability declined in January, with the national median payment applied for by purchase applicants increasing to $2,070 from $2,025 in December.
MBA: Mortgage Application Payments Decreased in December
Homebuyer affordability improved slightly in December, with the national median payment applied for by purchase applicants decreasing to $2,025 from $2,034 in November.
MBA: Mortgage Application Payments Decreased in October
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.
Chart of the Week: Purchase Applications Payment Index for Selected States
In this week’s Chart of the Week, we show the PAPI series – constructed using median Weekly Applications Survey (WAS) payments and median income – for the nation and six selected states.
Mortgage Application Payments Decrease in August
Homebuyer affordability improved in August, with the national median payment applied for by purchase applicants decreasing to $2,100 from $2,127 in August, according to MBA’s Purchase Applications Payment Index.