The average size of all actually fell last month

Zillow Senior Economist Aaron Terrazas said: “Getting a mortgage remains incredibly affordable.” Nonetheless, as HousingWire reporter Kelsey Ramírez states, “Homebuyers are going to continue to need larger loans as home prices increase.” The good news for homebuyers is that the average size of their new mortgages is actually going down, for now. According to the Federal Housing Finance Agency, the average loan amount for all loans was $312,900 in April. That’s down $4,400 from $317,300 in March.


Source: HousingWire

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