Thursday, 6 May 2021 | The Latest Buzz for the Appraisal Industry

Mortgage Banks Shattered Profit Records; Delinquencies Improve; Rates Near 1-Month Lows

Slow and steady wins the race, and mortgage rates have been making slow, steady progress back down from recent long-term highs seen at the end of March. Over that time, the average conventional 30yr fixed rate quote has fallen anywhere from .125 to 0.25% depending on the lender. That’s not a bad move over the course of 2 weeks and especially in an environment where lenders have every right to be defensive. After all, there

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