Why Is The Gap Between Owner and Appraiser Home Value Opinions Widening?
The average American homeowner thinks their home is appreciating faster than appraisers do. Appraisal values in January were an average of 0.47 percent lower than what homeowners estimated, according the national Quicken Loans Home Price Perception Index (HPPI). January was the third consecutive month in which the gap between these data points widened from the […]
Mortgage applications rebound in new year after a sluggish December
Consumers reacted in a big way to falling interest rates as mortgage applications increased 23.5% from one week earlier, according to the Mortgage Bankers Association. This week’s results include an adjustment for the New Year’s Day holiday. During December, even as interest rates dropped, mortgage application activity also declined. The MBA’s Weekly Mortgage Applications Survey […]
