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This finding indicates that we cannot reject the role historic discrimination has played in the evaluation of homevalues. NOTE: Please scroll down to read the other topics in this long blog post on Mortgageappraisal reviews, AI and ChatGPT, freddie and fannie mortgage forecast, unusual homes, mortgage origination stats, etc == $2.8M
One example is that mortgageappraisal work allows an appraiser to say: “I’m appraising it as repaired,” which is acceptable in some mortgage assignments. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.57
October 21, 2024, alleging racial discrimination in a January 2021 Colorado incident where a Black homeowner’s home was undervalued based on her race. After the homeowner raised concerns of discrimination, Rocket Mortgage canceled the refinance. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.98
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