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phone: (314) 786-2843
mobile: (314) 740-0004
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Ted Rood
Mortgage Banker,  The Federal Savings Bank
395 North Service Road,  Ste 407W
Melville,  New York  11747
Comments
"FHA appraisals, by statute, are more involved than conventional appraisals and more likely to be cited as "subject to" improvements rather than "as is", meaning no seller repairs are required. This is exactly why sellers can be reticent to accept FHA offers."    View Comment
"Those adjustments are done by the originating agencies, in this case HUD and US Census Bureau. Mortgage News Daily is just reporting their data, not adjusting it for seasonality."    View Comment
"Thanks for pointing out that Freddie's survey (in addition to being outdated before it's even released) shows average PURCHASE rates, MG. With Fannie/Freddie's .5% adverse market fee applying to nearly all refinances, their rates are inherently higher, something Freddie should note (but doesn't) on their survey results."    View Comment
"Thanks for pointing out that Freddie's survey (in addition to being outdated before it's even released) shows average PURCHASE rates, MG. With Fannie/Freddie's .5% adverse market fee applying to nearly all refinances, their rates are inherently higher, something Freddie should note (but doesn't) on their survey results."    View Comment
"Today was a great wake up call for borrowers, buyers, and originators. The times we decide rate markets are stable (so no urgency to start loans or lock rates) all too often come back to bite us in the butt with unexpected sell-offs like today's. Glad my pipeline was already locked, there's going to be some disappointed borrowers when they hear their unlocked rates just rose!"    View Comment
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