Sunday, 7 August 2022 | The Latest Buzz for the Appraisal Industry

MBA Finds Homebuyer Affordability, Application Payments Remained Steady in June

Mortgage Bankers Association‘s (MBA) Purchase Applications Payment Index (PAPI) shows homebuyer affordability was mostly unchanged in June, with the national median payment applied for by applicants down slightly to $1,893 from $1,897 in May. PAPI measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).

“Median mortgage applications payments have held steady during the last two months but remain much higher than

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