Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending July 8 reveals that the 30-year fixed-rate mortgage (FRM) averaged 2.9 percent with an average 0.6 point, which is down from 2.98 percent last week.
A year ago at this time, the 30-year FRM averaged 3.03 percent.
“Mortgage rates decreased this week following the dip in U.S. Treasury yields,” explains Sam Khater, Freddie Mac’s chief economist. “While mortgage rates tend to follow Treasury
This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include Buzztoon comics, as
Let’s get real for a moment. When that email from an AMC hits your inbox, asking for your best fee and quickest turnaround, do you
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD).
The Dawn of a New Appraisal Era In the ever-evolving realm of technology, few innovations have garnered as much attention and promise as blockchain. Originally
