FHA loan applicants saw median payments decrease to $1,753, down from $1,817 in August. Conventional loan applicants experienced a slight dip as well, with median payments at $2,053 in September, compared to $2,056 in August.
The states with the highest PAPI scores, indicating more challenging affordability, were Idaho (238.4), Nevada (236.7), Arizona (210.3), Florida (202.5), and Rhode Island (197.5). By contrast, the lowest PAPI scores, reflecting more favorable affordability, were in Louisiana (109.6), Connecticut (115.7), New York (119.0), West Virginia (121.0), and Alaska (124.8).
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Source: mpamag.com