Tag: mortgage
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National median mortgage payment hits new high
The national median mortgage payment continued to climb in October. According to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), the national median payment applied for by applicants increased 3.7% in October to $2,012 from $1,941 in September. “Prospective homebuyers continued to feel the effects of higher mortgage rates in October, with the… Read More
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