Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 4.16%.
“The 30-year fixed-rate mortgage exceeded four percent for the first time since May of 2019,” states Sam Khater, Freddie Mac’s chief economist. “The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to` rise over the course of the year. While home purchase demand has moderated, it remains competitive due to low
Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies
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).
