Mortgage rates were just slightly lower to start the new week. This leaves the average lender’s top tier 30yr fixed rate almost dead center in the narrow range that’s been intact since early September. The absence of any significant movement on Monday is a logical outcome given the absence of any major economic data releases […]
Mortgage Rates Slightly Lower as Volatility Risks Increase Read More »
Rural markets across the board saw a significant spike in property values during the pandemic housing boom, but some communities benefited more thanks to their locations and the rise of remote work. Processing Content Between March 2020 and March 2023, home prices appreciated 36.1% in rural areas, more than doubling their rate of growth in
Vacation homes and seasonal properties drive up rural prices Read More »
The government is raising the exemption for special appraisal requirements for higher-priced mortgage loans to $34,200. Processing Content The loans are defined as any mortgage with specifically higher annual percentage rates than the Consumer Financial Protection Bureau’s average prime offer rate. The Office of the Comptroller of the Currency, the Board of Governors of the
Feds raise appraisal exemption for higher-priced mortgages Read More »