What is the White House Worth? Nearly $400 Million, Says Zillow
My comment: I have watched the first two episodes so far. Neil Patrick Harris is fantastic!! Now if we could get something about appraisers on the show. I will never forget “Vic the appraiser” on the Sopranos!! I can’t remember if he got beat up or not, but it was close ;>
My CA appraisal regulator sent out an email about the scam.
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In the Feb. 2017 issue of the paid Appraisal Today
Sometimes they agree, sometimes they don’t. Some very good data on what AMCs and lenders say about increasing requirements, etc. from two AMC surveys. Also, appraiser income, changes over time etc. etc.
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Mortgage applications decreased 3.2 percent from one week earlier
The Market Composite Index, a measure of mortgage loan application volume, decreased 3.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 11 percent compared with the previous week. The Refinance Index decreased 1 percent from the previous week. The seasonally adjusted Purchase Index decreased 6 percent from one week earlier. The unadjusted Purchase Index increased 12 percent compared with the previous week and was 2 percent higher than the same week one year ago.
The refinance share of mortgage activity decreased to 49.4 percent of total applications from 50.0 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 6.4 percent of total applications.
The FHA share of total applications decreased to 12.1 percent from 13.6 percent the week prior. The VA share of total applications increased to 12.4 percent from 12.2 percent the week prior. The USDA share of total applications remained unchanged at 0.9 percent from the week prior.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,000 or less) increased to its highest level since December 2016, 4.39 percent, from 4.35 percent, with points increasing to 0.34 from 0.30 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The effective rate increased from last week.
The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $424,000) increased to 4.32 percent from 4.28 percent, with points increasing to 0.34 from 0.31 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.
The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 4.17 percent from 4.19 percent, with points remaining unchanged at 0.35 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.
The average contract interest rate for 15-year fixed-rate mortgages increased to 3.61 percent from 3.57 percent, with points increasing to 0.33 from 0.28 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.
The average contract interest rate for 5/1 ARMs decreased to 3.33 percent from 3.41 percent, with points decreasing to 0.22 from 0.30 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.
The survey covers over 75 percent of all U.S. retail residential mortgage applications, and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks and thrifts. Base period and value for all indexes is March 16, 1990=100.
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