Author: PROGRESS In Lending

Application PaymentsIn The News

Mortgage Application Payments Increased In January

Homebuyer affordability declined in January, with the national median payment applied for by purchase applicants increasing to $2,070 from $2,025 in December. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).

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Home PricesIn The News

Annual Home Price Growth Ends 2025 At 1.3%, The Weakest Since 2011

The 2025 housing market ended with the weakest annual appreciation since the market bottomed out in 2011 following the Great Recession. Buyers and sellers remain at an impasse, as potential homebuyers are unable or unwilling to meet the current listing prices.  Annual growth remained steady at 1.3% in December (Figure 1), according to the S&P Cotality Case‑Shiller Index.

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