The latest report from the Mortgage Bankers Association reveals a decline in homebuyer affordability in March, attributed to elevated mortgage rates and home prices. This trend poses challenges for prospective buyers seeking to enter the housing market.
Key points from the report include:
– Homebuyer affordability decreased in March
– Mortgage rates and home prices remained high
– Prospective buyers are facing greater challenges in entering the housing market.
You can read this full article at: https://www.housingwire.com/articles/median-payment-on-purchase-mortgage-applications-rises-to-2201-mba/(subscription required)
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