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Mortgage rate locks tumble amid sharp rate rise

Housing Wire

Cash-out refinance activity, in contrast, is led by increasing home values by homeowners seeking to tap into their home equity. month over month, driven by a 50% drop in rate-term-refinance lending activity. ” MCT, founded in 2001, launched its first monthly mortgage lock volume report on Monday.

Mortgage 368
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Too many appraisers?

Appraisal Today

The Inevitable Cyclicality of Mortgage Lending. Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. “Americans have seen home values rise at record rates over the past few years. Loan applications are way down, the lowest in 22 years.

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SFR with ADU or Two Units?

Appraisal Today

Some appraisers, a true minority, have been able to transition to private, non-mortgage-lending appraisal work, but that’s not as easy as some advocate. And many appraisers who only know how to do mortgage lending assignments are reluctant to market themselves outside that confined space. Risk to Home Values.

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How to Reduce Appraisal Revision Requests

Appraisal Today

This strategy often backfires because parties involved in the lending process cannot find the specific information they are looking for in the report. When I did my national conferences from 2001 to 2006 there were no tests. ==. How Grocery Store Locations Impact Home Values. Reduce lengthy commentary.