Mortgage Application Payments Take a Dip
Appraisal Buzz
SEPTEMBER 4, 2024
Homebuyer affordability improved in July, with the national median payment applied for by purchase applicants decreasing to $2,140 from $2,167 in June. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), using data from MBA’s Weekly Applications Survey (WAS). “Homebuyer affordability conditions improved for the third consecutive month as rates below 7 percent and rising housing inventory continue to bode well for prospective homebuyers,”,” s
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