MBA says July mortgage payments dipped, affordability improved
The median payment dropped $16 from June but was up $48 from a year earlier
The median payment dropped $16 from June but was up $48 from a year earlier
BELLINGS Intelligence Score: 15
Why it matters
The MBA report on a slight dip in July mortgage payments and improved affordability is routine housing market data that offers some insight but does not materially shift credit market conditions or monetary policy expectations.