June 3, 2025

Mortgage Bankers Association

Mortgage

Mortgage affordability dips in April as payments edge higher

The national PAPI decreased 0.6% from March to a reading of 163.0 in April. Median earnings were up 4.8% compared to one year ago, and while payments decreased 3.1%, the significant earnings growth means that the PAPI is down 8.4% on an annual basis. For borrowers applying for lower-payment mortgages (the 25th percentile), the national

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Mortgage

Lenders witness surge of mortgage demand this week

“I think the last few years have paid off for us. First off, we grew 60% last year,” Arvielo said. “So I think the consolidation of loan originators is part of it. I think the move-up buyer is driving the market, meaning a former first-time home buyer [who] now has a significant amount of equity.”

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Mortgage

Why mortgage purchase applications have been positive all year

We’re working from a record low bar Over the past two years, my theme has been: the bar for purchase apps is so low that we can trip over it. Also, millions of people buy homes each year —regardless of what is happening in the economy. Despite facing significant challenges in the 2008 housing crisis,

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Mortgage

House introduces bill to reduce mortgage insurance premiums

The bill was referred to the House Committee on Ways and Means. While the full text of the legislation is not yet available, its listed purpose is to “amend the Internal Revenue Code of 1986 to increase the income cap for and make permanent the mortgage insurance premium deduction.” “With housing prices skyrocketing in Florida

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Mortgage

Mortgage applications drop after weeks of growth

The Market Composite Index, which measures mortgage loan application volume, decreased 6.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index decreased 6% from last week. The refinance index decreased 13% from the previous week, but was 70% higher than the same week one year ago. The seasonally adjusted

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