Mortgage application activity rose last week, reversing a series of declines that started in late June. The increase was modest; the Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, ticked up 1.2 percent on a seasonally adjusted basis, but both purchasing and refinancing volumes moved higher. On an unadjusted basis, the Composite Index increased 1 percent compared with the previous week. The Refinance Index increased 2 percent
As Cruise Ship Captains or Harbor Pilots, Real Estate Appraisers Face a New Horizon
The world of maritime navigation provides an interesting analogy for today’s Real Estate Appraisers. Just as the Captain of a cruise ship or a large
Ernie Durbin
June 5, 2023
