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With record-low interest rates, paltry inventory and a surge in buyers, agents are advising clients to be extraordinarily aggressive to win. We have about two months of inventory and the buyer demand is just crazy.” of offers, followed by townhomes at 54.7% and condos at 41.3% – 54.5% of offers overall engaged in bidding wars.
One example is that mortgageappraisal work allows an appraiser to say: “I’m appraising it as repaired,” which is acceptable in some mortgage assignments. Most borrowers have lower rates on their mortgages, and those who are in the market are extremely rate sensitive.” You need to educate yourself.
For-sale inventory has started to loosen, and home-price growth has eased in some markets, providing more options for buyers in combination with these lower rates.” The refinance share of mortgage activity decreased to 45.7 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.29
CDEI, MNAA Excerpts: Typically, this time starts when the comparable goes under contract, then ends on the effective date of the appraisal. CDEI, MNAA Excerpts: Typically, this time starts when the comparable goes under contract, then ends on the effective date of the appraisal. times 42-days or $5,523. percent from 6.72
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