mortgage-orb
Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 5.25% with an average 0.9 point as of May 19, 2022, down from last week when it averaged 5.30%. A year ago at this time, the 30-year FRM averaged 3%.
“Economic uncertainty is causing mortgage rate volatility,” comments Sam Khater, Freddie Mac’s chief economist. “As a result, purchase demand is waning, and homebuilder sentiment has dropped to the
There seems to be a consensus among appraisal reviewers that the appraiser should not average the adjusted sales prices of their comparables in order to
When was the last time you, the appraiser, thought about what placing a comparable sale on the 1004 form’s sales grid really communicates to your
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
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
