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Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 5.51% with an average 0.8 point as of July 14, 2022, up from last week when it averaged 5.30%. A year ago at this time, the 30-year FRM averaged 2.88%.
“Mortgage rates are volatile as economic growth slows due to fiscal and monetary drags,” observes Sam Khater, Freddie Mac’s Chief Economist. “With rates the highest in over a
The eminent domain market is a topic of significant importance today. Infrastructure development initiatives have surged, driving the demand for eminent domain proceedings nationwide. Evolving
This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include funny Buzztoon comics,
One of the first and most basic set of formulas an appraiser learns when introduced to the income capitalization approach and direct capitalization, is I-R-V.
I recently attended the webinar hosted by Appraiser eLearning regarding how to handle properties being used for short term rentals (STRs) in the context of
