Tag Archives: Purchase Applications Payment Index (PAPI)

Homebuyer affordability numbers seem to have stabilized in June, with the national median payment that loan applicants applied for fell by $4 from $1,897 in May to $1,893 ...

“The ongoing affordability hit of higher home prices and fast-rising mortgage rates led to a slowdown in purchase applications in May,” said Edward Seiler, the MBA's Associate VP.

As stated in Issac Newton’s Third Law, For every action, there is an equal and opposite reaction. While Newton’s laws were meant to be applied to the world ...

According to the new MBA Purchase Applications Payment Index (PAPI), homebuyer affordability declined in March, with the national median payment applied for by applicants rising 5% to $1,736 ...

The Mortgage Bankers Association (MBA) has launched a new affordability index aiming to measure how new mortgage payments vary across time relative to their income.  The new monthly ...