Low-Income Mortgages Fall Back To 2018 Levels
Low-income earners took out 23.2 percent of all new mortgages in 2020
Low-income earners took out 23.2 percent of all new mortgages in 2020
The MBA notes improving borrower affordability conditions with mortgage rates decreasing and earnings increasing
The MBA found the national median payment applied for by applicants decreased to $1,839 August
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