Appraisal Today
MAY 24, 2024
The data won’t be limited to what is gathered by property inspectors; however, appraisers’ data will also be in that mix. Finally, the vendor’s use of the photos is limited by contract, with stiff penalties for violation. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.42
Appraisal Today
OCTOBER 6, 2023
As this property data collector thing moves along, there continues to be no legitimate reason for Fannie Mae’s motivation to push this so hard other than they want the valuation process fully automated and can pay $25 for an untrained inspector to view a home. Fannie Mae sees the appraisal process as “inspection + value.”
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