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MBA: Housing Affordability Improved in July

MBA: Housing Affordability Improved in July

by Phil Hall | Aug 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national median payment applied for by purchase applicants during July was $2,140, down from $2,167 in June, according to new data from the Mortgage Bankers Association (MBA). Year-over-year, the payment level is down by $22. The national median mortgage payment...
MBA: Homebuyer Affordability Conditions Improve

MBA: Homebuyer Affordability Conditions Improve

by Phil Hall | Jul 26, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homebuyer affordability was slightly less onerous last month as the national median payment applied for by purchase loan applicants decreased to $2,167 from $2,219 in May, according to new data from the Mortgage Bankers Association (MBA). However, on a year-over-year...
Mortgage Application Payments Increased 2.5%

Mortgage Application Payments Increased 2.5%

by Phil Hall | May 30, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national median payment applied for by purchase applicants inched up by 2.5% in April to $2,256 from $2,201 in March, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index. Compared to one year ago, the payment level was...
MBA: Median Mortgage Payments Drop by $62 in November

MBA: Median Mortgage Payments Drop by $62 in November

by Phil Hall | Dec 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national median mortgage payment was $2,137 in November, down from $62 in October, according to data from the Mortgage Bankers Association (MBA). However, November’s sum is up by $160 from one year ago, equal to an 8.1% increase. The national median mortgage...
Mortgage Application Payments Up 17.2% From Last Year

Mortgage Application Payments Up 17.2% From Last Year

by Phil Hall | Aug 24, 2023 | Uncategorized

The national median payment made by purchase loan applicants was $2,162 during July, according to the latest data from the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI). July’s payment level was mostly unchanged from June but...
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