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Choosing the Right Neighborhood: Considerations for a Better Quality of Life
It's crucial to take the area and its facilities into account while looking for a new property in addition to the home itself. Your home's location has a significant influence on your quality of life, so it's crucial to carefully weigh aspects like...
VA Clarifies Appraisal Requirements
The Department of Veterans Affairs has clarified its appraisal requirements on loans secured by properties located in rural areas. In its lender handbook, VA says that comparable sales used in appraisal reports should be located as close to the...
Mortgage Rates Down, Further Retreat Likely
The past week saw a decline in interest rates on residential loans. The outlook for the next seven days is for an even bigger reduction in rates. Home loans that closed during April 2017 had an average 30-year note rate of 4.41 percent, up 2 basis...
Millennials As Real Estate Appraisers?
While the average age of people in the home valuation field is north of 50, there are some features to the appraiser profession that might be well-suited for Millennials. Appraisal Institute President Jim Amorin says excessive regulation is the No....
Long-Term Mortgage Rates Rise, Likely to Hold
Long-term rates on new single-family loans moved higher over the past week. But no changes are likely in the report seven days from now. For the week ended May 11, thirty-year fixed rates averaged 4.05 percent in the Primary Mortgage Market Survey...
Mortgage Rates Hold, Could Climb
After taking a breather for seven days, fixed interest rates on residential loans are likely to escalate in the next report. Thirty-year fixed rates averaged 4.02 percent in Freddie Mac's Primary Mortgage Market Survey for the week that ended on...
COFI ARM Index Sinks to New Record Low
Just a month after establishing an-all time low, the 11th District Cost of Funds Index moved lower and set another new record. As of March 2017, COFI -- an index that is utilized for some legacy adjustable-rate mortgages -- landed at 0.583 percent....
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VA Clarifies Appraisal Requirements
The Department of Veterans Affairs has clarified its appraisal requirements on loans secured by properties located in rural areas. In its lender handbook, VA says that comparable sales used in appraisal reports should be located as close to the...
Mortgage Rates Down, Further Retreat Likely
The past week saw a decline in interest rates on residential loans. The outlook for the next seven days is for an even bigger reduction in rates. Home loans that closed during April 2017 had an average 30-year note rate of 4.41 percent, up 2 basis...
Millennials As Real Estate Appraisers?
While the average age of people in the home valuation field is north of 50, there are some features to the appraiser profession that might be well-suited for Millennials. Appraisal Institute President Jim Amorin says excessive regulation is the No....
Long-Term Mortgage Rates Rise, Likely to Hold
Long-term rates on new single-family loans moved higher over the past week. But no changes are likely in the report seven days from now. For the week ended May 11, thirty-year fixed rates averaged 4.05 percent in the Primary Mortgage Market Survey...
Mortgage Rates Hold, Could Climb
After taking a breather for seven days, fixed interest rates on residential loans are likely to escalate in the next report. Thirty-year fixed rates averaged 4.02 percent in Freddie Mac's Primary Mortgage Market Survey for the week that ended on...
COFI ARM Index Sinks to New Record Low
Just a month after establishing an-all time low, the 11th District Cost of Funds Index moved lower and set another new record. As of March 2017, COFI -- an index that is utilized for some legacy adjustable-rate mortgages -- landed at 0.583 percent....
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