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WASHINGTON(MarketWatch) - Federal regulators on Friday issued new tougher rules for appraising higher-priced mortgages, but lenders will have until January 2014 to implement the regulations. Lenders that issue loans at interest rates above certain average thresholds must use a certified appraiser who prepares a written appraisal report based on a physical visit of the interior of the home, according to the Federal Reserve, one of the agencies approving the new rules. The rule was issued by six agencies including the central bank. The Federal Deposit Insurance Corp., another one of the regulators involved in the measure, approved its version of the rule on Tuesday. The rule goes into effect Jan. 18, 2014.

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