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.
Sources
HousingWire
MBA says July mortgage payments dipped, affordability improved
The median payment dropped $16 from June but was up $48 from a year earlier