Buyers continue to feel the pinch from high mortgage rates and still-elevated home prices.But those committed to buying a new home are really committed, LOs said.The national median payment applied for purchase applicants rose 4.9% to $2,061 in February from $1,964 in the previous month, according to the Mortgage Bankers Association's (MBA's) purchase applications payment index (PAPI), which measures how new monthly mortgage payments vary across time - relative to income.
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