The national median payment made by purchase loan applicants in March increase to $2,131 from $2,061 in February. According to a data report from the Mortgage Bankers Association (MBA), the median payment was down by $43 from one year ago, equal to a 2.0% decrease.
The national median mortgage payment for conventional loan applicants was $2,145, up from $2,089 in February and down from $2,200 in March 2025. The national median mortgage payment for FHA loan applicants was $1,812 in March, up from $1,763 in February and down from $1,872 in March 2025.
“Homebuyer affordability conditions declined in March, as rising mortgage rates and higher loan amounts continued to stretch household budgets,” said Edward Seiler, MBA’s associate vice president of housing economics and executive director of the Research Institute for Housing America. “The combination of a 26-basis-point increase in rates, and a rise in the median purchase application amount to $335,000, reflects the ongoing pressure facing prospective buyers. Looking ahead, while these headwinds may temper demand in the near term, improvements in housing supply and moderating home-price growth could help restore some stability to the housing market.”
0 Comments