Tuesday, 27 September 2022 | The Latest Buzz for the Appraisal Industry

Homebuyer Affordability Inches Upward in August

Homebuyer affordability improved for the third consecutive month in August, with the national median payment applied for by applicants decreasing to $1,839 from $1,844 in July. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time –relative to income– using data …

The post Homebuyer Affordability Inches Upward in August appeared first on theMReport.com.

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