The Mortgage Bankers Association has released new data showing the national median mortgage payment rose to $2,012 in October, recording a slight climb from September. Meanwhile, median asking rents increased an estimated 6.2% between Q2 and Q3 of 2022.
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Homebuyer Affordability Drops Even Further in September
Homebuyer affordability plummeted again in September according to the latest MBA analysis, with scarce supply, affordability constraints, and economic uncertainty continuing to hinder potential homebuyers.
Read More »National Median Mortgage Payment Rises Month-Over-Month
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 ...
Read More »The Week Ahead: The Supply-Demand Battle Rages Onward
While the struggle between tight inventory and high demand continues, are record high sticker prices forcing prospective borrowers out of the market in droves?
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