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Homebuyer affordability improves in February as median mortgage payment ticks down

Homebuyer affordability improved modestly in February as the national median payment applied for by purchase applicants fell to $2,061, down from $2,070 in January, according to the Mortgage Bankers Association (MBA)’s Purchase Applications Payment Index (PAPI). PAPI tracks how new monthly mortgage payments change over time relative to income, using data from MBA’s weekly applications…

The Home Depot adds digital tools to power construction pros

The Home Depot is expanding its digital ecosystem for professional customers, adding AI-driven estimating and project-management tools as contractors and homebuilders look to speed up planning, purchasing and jobsite coordination. Michael Rowe, executive vice president of Pro at The Home Depot, said the retailer has spent the past two years building out wholesale capabilities that…

Better, Coinbase launch crypto-backed conforming mortgage product

Better Home & Finance Holding Co., the parent of digital lender Better.com, and Coinbase have launched a token-backed product that allows qualified borrowers to pledge Bitcoin or USDC as collateral for a conforming mortgage down payment, without selling their digital assets. The product, announced Thursday, is originated and serviced by Better, with Coinbase providing digital…