About Jon Iacono
Jon Iacono brings his 21+ years of experience in the industry to Advisors Mortgage Group. Jon was born in Brooklyn, NY but has lived the majority of his life in Monmouth County, NJ. As a graduate of Monmouth University with a concentration in Management and Computer Science, Jon brings his training and education to Advisors Mortgage to help grow and manage the recruiting team.
Jon worked alongside many mortgage and real estate industry professionals previously with Mortgage Intelligence companies such as, Mortgage Market Guide, Loan Tool Box, Certified, Scripts for Success, CMPS, MBS Highway, Turning Point CRM and more. Jon gives back to his community and has been an active volunteer firefighter for the Colts Neck 84 -1 station since 2004. He enjoys staying active by playing golf, lifting weights, boxing, training Jiu Jitsu and most importantly spending time with his two kids Lily and Jonny Jr.
Homebuyer Affordability Improves for Fifth Straight Month
November 24, 2025
Homebuyer affordability improved for the fifth straight month in October, according to the Mortgage Bankers Association’s Purchase Applications Payment Index (PAPI). The national median mortgage payment requested by buyers dropped to $2,039, down from $2,067 in September and $88 lower than a year ago.
MBA attributes this trend to lower mortgage rates, higher household incomes, and flattening home-price growth. The PAPI fell 1.6% to 152.0, its lowest level since March 2022, signaling better affordability. Earnings growth also boosted affordability by 5.5% year over year.
Borrowers seeking lower-cost mortgages saw payments dip to $1,402, and FHA and conventional loan applicants both experienced slight declines in typical payments.
With affordability increasing and homes forecasted to continue to appreciate the housing market continues to be a healthy investment.
Source : https://bit.ly/4o9WeSL
