Friday, December 8, 2023 | The Latest Buzz for the Appraisal Industry

Housing Market Experiences Fastest Mortgage Rate Drop in Four Decades

Mortgage rates dropped from over 7% to 6.6% this week on better-than-expected inflation news, bringing some hope to prospective buyers. The largest weekly drop in mortgage rates in 40 years, along with the slowest annual home-price growth since the start of the pandemic, is providing some relief for would-be homebuyers’ budgets, Redfin reports.

Last week’s better-than-expected inflation report led to the biggest single-day mortgage-rate drop on record and the largest weekly drop since 1981,

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Mark Buhler

The Surfing Appraiser

Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Appraisers, and surfers, have varying levels of

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Timothy Andersen, MAI, MSc., CDEI, MNAA

“Naked, Unarmed, and Alone?”

Question: “My state board recently charged me with authoring a misleading report. I got the client to write a letter to the state indicating my

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