Remove articles how-inventory-inches-up-with-higher-interest-rates
article thumbnail

ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

George Dell – his usual very interesting comments. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. The GSE’s have similar policies. Was it the borrower?

article thumbnail

5 predictions for the 2022 housing market

Housing Wire

This article is part of our HousingWire 2022 forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. for 30-year fixed-rate loans.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

King County Housing Market Stumbles to 2022 Finish Line

Will Springer Realtor

The article will include the latest monthly data from the Northwest Multiple Listing Service, analysis from national and local experts and a glimpse ahead at what to expect in the coming weeks. Among the single-family-home category, it was 376% higher than a year ago (1881), including 830% higher on the Eastside (511).

article thumbnail

FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

At what point will mortgage interest rates peak? Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment.

article thumbnail

Tune Up Your Product Knowledge

Patch of Land

You can grow your business in a rising-rate environment. Mortgage interest rates are on the rise. This is presenting a new set of challenges for mortgage originators and home-buyers who have become accustomed to historically low rates. Experts predict mortgage rates will inch upward to about 4.5

Lending 28
article thumbnail

Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. history, continues its march into prime home-buying years at a rate of more than 4.5 But rates are trending higher, now around 3.125% from about 2.75% on Jan.

article thumbnail

Tips on appraising new construction homes

Appraisal Today

As the cost of construction materials generally continue to spiral upwards, it may be necessary to adjust for time, depending on how old the cost data is. How many appraisers do you think started out as trainees in a big firm, or worked as a staff appraiser as a newbie, and went out on their own to create their own businesses?