Appraised values are key in underwriting a mortgage loan and CoreLogic says one of the challenges is to make sure the information an appraisal provides is valid. Appraisers are supposed to use current or recent transactions within the same market with similar physical and economic characteristics. These comparable sales serve as the baseline information on which the appraisal is developed. Yanling Mayer, writing in the CoreLogic Insights blog says that, "In a demanding regulatory environment, appraisal reviewers and underwriters have increasingly incorporated automated appraisal review technology for faster and more cost-effective collateral underwriting and process control ─ while ensuring the appraisal report reflects industry's best practices, standards and guidelines, as well as requirements

March 30, 2017 Download our Mobile App: Download our Mobile App: Housing News MLS and Public Records Largely Agree on Comparable Prices Appraised values are key in underwriting a mortgage loan and CoreLogic says one of the challenges is to make sure the information an appraisal provides is valid. Appraisers are supposed to use current or recent transactions within the same market wit... (read more) Rob Chrisman ARM Primer; Investor Fee and SRP Changes - Cost of Lending Changing On this date in 1867, 150 years ago, a few years before I started trading MBS, Seward’s Folly was created. Put another way, on this date a treaty was signed where the United States purchased “Russian America” (Alaska) for $7.2 milli... (read more) MBS Commentary MBS Live Day Ahead: Burden of Proof on Bonds to Justify Rally With 10yr yields having made it close to 2017's lower range in the most recent rally, the burden of proof is on bond bulls to come up with j ustification for any additional gains .  Yesterday offered a brief glimmer of hope in that regard as bon... (read more) Mortgage Rate Watch Mortgage Rates Steady, Depending on Lender Compared to yesterday, today's mortgage rates are a moving target depending on the lender. Some are better. Some are worse. On average, rates are unchanged from yesterday's latest rate sheets. The variability has to do with yesterday's fairly sharp l... (read more) Housing News Second Best Month in 11 Years for Pending Home Sales Pending home sales in February surprised everyone with an unexpected jump of 5.5 percent . The National Association of Realtors® said its Pending Home Sales Index, which is a leading indicator based on signed home purchase contracts, rose to 112.... (read more) MBS Commentary MBS Live Recap: Bonds Unwind Yesterday's Abrupt Losses With Help From Europe There have been two back-to-back "unwind" trades in bond markets.  The stage was set by Monday morning's rally which was in response to an absence of updates on the healthcare bill over the weekend.  Essentially, markets were expressing t... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.91 +0.07 Price / Yield Change MBS UMBS 5.5 99.91 +0.07 UMBS 6.0 101.62 +0.05 GNMA 5.5 100.06 +0.09 GNMA 6.0 101.47 +0.06 Pricing as of: 7/3 4:55AM EST 10 Year US Treasury 4.2592 -0.0206 Price / Yield Change US Treasury 2 YR Treasury 3.770 -0.018 5 YR Treasury 3.848 -0.019 7 YR Treasury 4.035 -0.021 10 YR Treasury 4.260 -0.020 30 YR Treasury 4.785 -0.023 Pricing as of: 7/3 4:55AM EST Latest Video Debt and deficits set to spiral Final figures for the US GDP are in Market is waiting for next act to happen: Pro Around the Web CNBC Fed's Dudley says rate hikes are appropriate to reduce the risk of overheating Market Watch Fed is not taking away the punch bowl, just adding a bit more fruit juice,' Dudley says Market Watch Fed's Kaplan sees risk Washington could derail the expansion Market Watch Here's why it's getting harder to ignore rising subprime auto defaults Market Watch Fed's Mester not worried about expected slowdown in first-quarter GDP Freddie Mac Mortgage Rates See Another Significant Decline Market Watch Factor in these fees if you're considering a reverse mortgage CFPB Monitor CFPB proposes alignment of Regulation B and Regulation C requirements regarding collection of consumer ethnicity and race information CNBC US stocks open flat after key economic data; oil, Fed speakers in focus CNBC Consumers powered fourth-quarter economic growth at faster pace than estimated CNBC Applications for US unemployment aid fell to 258K last week NAR - Realtor.com America's 20 Hottest Real Estate Markets in March 2017 Bloomberg Senators Warn Against Suspending Fannie, Freddie Dividends

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.