New home purchase mortgage applications fell 4.5% year-over-year in May, with estimated sales down 12.1% from April, the MBA ...

Many lenders look for a DTI of up to 43%. In fact, for a mortgage to be eligible to be guaranteed by Freddie Mac, Fannie Mae, FHA, the VA, or USDA, borrowers must have a monthly DTI of 43% or less.

Builder confidence eased in June, but increased price incentives reflect efforts to make homes more affordable and attract buyers in today’s market.