Mortgage application payments increased slightly in August to $2,170, according to MBA's Purchase Applications Payment Index, while overall homebuyer affordability declined, as homebuyers’ budgets continue to be impacted by high home prices and mortgage rates above 7%.
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Mortgage Apps Increased in February as Homebuyer Affordability Declined
As high mortgage rates and inflated home prices persist, a new report from the Mortgage Bankers Association revealed the national median payment applied for by purchase applicants increased nearly 5% in February.
Read More »Mortgage Lending Slumps Again in Q4
According to a new ATTOM report, mortgage lending declined to its lowest point in nearly nine years in Q4 2022, while purchase loans decreased an estimated 26%.
Read More »Lender Sentiment Leans Toward Purchase Mortgages
Mortgage lenders reported demand growth for GSE eligible purchase mortgages over the past three months rebounded significantly in the second quarter this year.
Read More »Are First-time Homebuyers Back?
First-time homebuyers have been touch-and-go in the housing market since the crisis, but that here today, gone tomorrow trend could be changing for the better.
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