Mortgage Bankers Association (MBA)

The national median payment applied for rose from $1,653 in February to $1,736 in March.

The recent decrease in purchase applications is an indication of potential weakness in home sales in the coming months.

Regardless of new or existing, data shows loan averages hitting record peaks

Rapid rise in mortgage rates slows purchase originations and refinances.

Some segments showed improvement in March 2022

Minor increase in purchase applications seen as positive development.