Monday, 17 January 2022 | The Latest Buzz for the Appraisal Industry

Rates Move Swiftly Lower Due to New Covid Variant; Delinquencies Remain Elevated

Just when it looked like the current week would fizzle out on a negative note for rates, our least favorite market mover is back in the news. B.1.1.529 (designated now as “Omicron”), a new covid variant hit the market like a ton of bricks on Friday morning. 48 hours earlier, Google had never heard of it. Search interest began to ramp up on Thanksgiving Day. By Friday, it’s an utterly pervasive headline. With financial markets

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