Home Affordability Declines Across the U.S.

MPA, Feb. 28, 2025-Jonalyn Cueto
The affordability of home purchases declined in January as the median mortgage payment applied for by prospective buyers rose to $2,205, marking a 3.7% increase from $2,127 in December, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI).
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