Tag: RealEstateMarket
Mortgage Rates | Interest Rates Rise on spike
Mortgage application rates in the United States fell by 1.1 percent last week driven by higher interest rate, according to the Mortgage Bankers Association (MBA) Composite Index. Mortgage application rates in the United States fell by 1.1 percent last week driven by higher interest rate, according to the Mortgage Bankers Association (MBA) Composite Index. The…
Low Appraisals and Home Sales
Home buyers are bidding up home prices as they compete for homes. But appraisals don’t always agree with the offer the seller finally accepts. Some homes are appraised below the agreed-upon sales price, which could upend a deal. Twenty-three percent of contracts were delayed due to appraisal issues, according to the latest REALTORS® Confidence Index…
