Homebuying is becoming more affordable again, a report this week revealed. Kmatta/Getty Images

There's more good news on the homebuying front.

Housing affordability is now the best it's been in more than two and a half years, according to the October 2025 ICE Mortgage Monitor report .

"With 30-year mortgage rates averaging 6.26% in mid-September, the monthly principal and interest (P&I) payment on an average-priced home has fallen to $2,148, or 30% of the median U.S. household income," the report noted. "Though still more than five percentage points above its long-run average, P&I costs have declined from 32% earlier this summer and significantly improved from their 35% peak in late 2023."

The affordability news is the latest in a string of encouraging developments for homebuyers a

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