|
| |
[ Email archive - master list ] [ Emails very old ] [ Emails 7-8 99 ] [ Emails 9-10 99 ] [ Emails 11-12 99 ] [ emails 1-00 ] [ Emails 2-00 ] [ Emails 3-00 ] [ Emails- 4-00 ] [ Emails 5-00 ] [ Emails 6-00 ] [ Emails 7-00 ] [ Emails 8-00 ] [ Emails 9-00 ] [ Emails 10-00 ] [ Emails 11-00 ] [ Emails 12-00 ] [ Emails 1-01 ] [ Emails 2-01 ] [ Emails 3-01 ] [ Emails 4-01 ] [ Emails 5-01 ] [ Emails 6-01 ] [ Emails 7-01 ] [ Emails 8-01 ] [ Emails 9-01 ] [ Emails 10-01 ] [ Emails 11-01 ] [ E-mails 12-01 ] [ E-mails 1-02 ] [ E-mails 2-02 ] [ E-mails 3-02 ] [ E-mails 4-02 ] [ E-mails 5-02 ] [ E-mails 6-02 ] [ E-mails 7-02 ] [ E-mails 8-02 ] [ E-mails 9-02 ] [ E-mails 10-02 ] [ E-mails 11-02 ] [ E-mails 12-02 ] [ E-mails 1-03 ] [ E-mails 2-03 ] [ E-mails 3-03 ] [ E-mails 4-03 ] [ E-mails 5-03 ] [ E-mails 6-03 ]
Most recent emails
Email archives - 8-01
To get the very latest news,
sign up for our FREE weekly Appraisal Today e-news.
NOTE: some of the older links
may be out of date!
Search for a topic using your browser's search function.
Go to Edit, then Find in Page. Some of them have been edited from the
original to correct typos and new information! I have been sending them since June, 1994.
8/5/01 Get more spam/cheap homes
New this week from Appraisal Today e-news
+ What's the future of appraisal technology?
+ August NAIFA Appraiser E-Gram
+ How to get more spam mail
+ The Secret Tech Support Shopper
+ Commercial market contracting
+ Apps down
+ The most, and least, expensive home markets
>>> WHAT'S THE FUTURE OF APPRAISAL TECHNOLOGY? <<<
Lots and lots of tech info, 12 hours of CE, free lunch, and a party with
live entertainment!
The opening sessions of AppraisalTech 2001 will kick off the conference:
- Commercial appraisal and technology - where will we be in five years?
Mary Dum, appraisal software guru, and Brenda Dohring, MAI, co-founder and
CEO of Realwired will be speaking. Deane Wilson, ASA, the "Rush Limbaugh of
appraising" will be moderating.
- Residential appraisal and technology - where will we be in five years?
Frank Lucco, SRA, co-author of the Appraisal Institute's Residential White
Paper, and John Heithaus, SCRP, Senior Vice President Global Business
Alliances & International Operations, Monstermoving.com - futurist and
former appraiser, will be speaking. Sara Swarzentraub, SRA, long time San
Diego appraiser, will be moderating.
Only 2 weeks left to register for AppraisalTech 2001!
For more info go to http://www.appraisaltech2001.com or call 800-839-0227
or fax 800-839-0014.
AOL Users: <a href=http://www.appraisaltech2001.com> Click Here</a>
>>>>>>>>>> AUGUST NAIFA APPRAISER E-GRAM <<<<<<<<<<
Check out the August issue of NAIFA's quarterly Appraiser E-Gram. Here are
some of the articles:
- Writing Appraisals to Meet USPAP - Part II by Terry Evans, IFAS
- Virtuous Reality: Ethics and The Appraiser by Doug Smith, IFAS
- Honestly, Accuracy Does Count by Tom Fryer, CRP, SRA, IFA
- The "Five Acre" Appraisal by Barry Shea, IFA
Go to http://www.naifa.com/gram/2001jul/cover.html
.
Well worth the visit!!
AOL Users: <a href=http://www.naifa.com/gram/2001jul/cover.html> Click
Here</a>
>>>>>>>>>> HOW TO GET MORE SPAM MAIL <<<<<<<<<<
The Great Spam-Off A great article on Cnet's testing of how to get more (or
less) spam..
http://cnet.com/software/0-3227888-8-6602372-1.html
AOL Users: <a href=http://cnet.com/software/0-3227888-8-6602372-1.html>
Click Here</a>
A couple of tips on how to get more spammail:
- Participate in an AOL chat room
- Enter an online lottery
- Register a domain name
Lots of good tips on how to avoid getting on spam lists also.
>>>> THE SECRET TECH SUPPORT SHOPPER <<<<
Another great Cnet article about their results when testing tech support
from Apple, Dell, Gateway, and Atlas Micro
Go to http://computers.cnet.com/hardware/0-1017-8-6578224-1.html
AOL Users: <a
href=http://computers.cnet.com/hardware/0-1017-8-6578224-1.html> Click
Here</a>
>>>>>> COMMERCIAL MARKET CONTRACTING <<<<
Per their press release, a new report issued by PricewaterhouseCoopers, in
association with the Appraisal Institute, "Real Estate Value Cycles," says
that many markets appear to be moving toward a point of stability, with
investment and development fundamentals in relative balance.
"It appears that after eight years of expansion in our economy and our real
estate markets, we will enter a contraction phase in 2001," says Peter
Korpacz, MAI, Director, Global Strategic Real Estate Research Group at
PricewaterhouseCoopers. "However, a contraction is not necessarily a bad
thing. It simply means that conditions will not be as glowingly attractive
as they have been in the past several years."
For a summary of the stats, go to http://www.pwcreval.com/
and click on
Press Releases in the upper left of your screen.
AOL Users: <a href=http://www.pwcreval.com> Click Here</a>
>>>>>>>>>> APPS DOWN <<<<<<<<<<
The market composite index of mortgage loan applications—a measure of loan
purchases and refinances—for the week ending July 27 decreased 0.4 percent
to 507.2 on a seasonally adjusted basis from 509.2 the previous week,
according to the Weekly Mortgage Applications Survey of the Mortgage
Bankers Association of America (MBA), which was released August 1. On an
unadjusted basis, the application index decreased 0.5 percent but was up
58.6 percent compared to the same week a year earlier.
The MBA seasonally adjusted Purchase Index decreased to 312.0 from 324.9
the previous week; the seasonally adjusted Refinance Index increased to
1643.0 from 1581.4. Other seasonally adjusted index activity included the
Conventional Index, which decreased to 656.8 from 664.3 the previous week,
and the Government Index, which increased to 257.7 from 250.3 the previous
week.
>>>>>> THE MOST, AND LEAST, EXPENSIVE HOME MARKETS <<<<<<
Coldwell Banker's recently released annual study finds $1.1 million
variance for same property in nation's most expensive (Palo Alto,
California – $1,225,000) and most affordable (Minot, North Dakota --
$119,000) markets. The HPCI study evaluates and indexes the average sales
price of similar homes in typical middle management transferee
neighborhoods in more than 300 markets across the United States and
internationally.
To read the press release, including a link to the 300-city study results
(PDF format), including where your city ranks, go to
http://www.coldwellbanker.com/html/PressReleaseDetail.asp?ID=611
AOL Users: <a
href=http://www.coldwellbanker.com/html/PressReleaseDetail.asp?ID=611>
Click Here</a>
===========================
To be removed from this list, just hit your reply button and type "remove"
in the subject line or top part of the message. To change your email
address, hit the reply button and type in your old and new email addresses,
and your name. FYI, it may take a week or two to get our email database
corrected.
Ann O'Rourke, MBA, SRPA, SRA
Appraiser and Publisher of Appraisal Today newsletter
2015 Clement Ave.
Alameda, CA 94501
mailto:ann@appraisaltoday.com
phone: 800-839-0227//fax: 800-839-0014
http://www.appraisaltoday.com for appraisal news, info, and a few jokes!
8/12/01 Cheep airfare/volunteering/ISP ratings
New this week from Appraisal Today e-news
+ NAIFA's Region 1 Conference
+ Top Volunteer site
+ Apps up
+ July USPAP Q&As - recent USPAP changes
+ How to get more out of Scandisk
+ Lowest ranked ISPs - AOL and MSN
>>>>>>>>>> APPRAISALTECH - REALLY CHEEP AIRFARES!! <<<<<<<<<<
It's not too late to register as an attendee for AppraisalTech 2001 (and
take a mini-vacation)! Just call 800-839-0027, register online, or fax the
registration form. http://www.appraisaltoday.com/registration.htm
AOL Users: <a href=http://www.appraisaltoday.com/registration.htm> Click
Here</a>
Cheep, Cheep Airfares for Last Minute Travelers
FYI, biz travel is down 40% at San Francisco airport. Late last week,
United, one of the main carriers, announced they have eliminated Saturday
night stayovers from most major cities.
I had three people from the East Coast sign up late last week!
Hotel rates are really cheap on the weekends and rooms are available during
the week, so shop around. Travel info is at
http://www.appraisaltoday.com/travel-hotels.htm , You might be able to get
a really good deal on air/hotel combos at expedia or travelocity. AOL
Users: <a href=http://www.appraisaltoday.com/travel-hotels.htm> Click Here</a>
When - August 23-24, 2001
Where - South San Francisco, CA
>>>>>>>>>> NAIFA'S REGION 1 CONFERENCE <<<<<<<<<<
Can't make it to AppraisalTech? How about NAIFA's Region 1 Conference -
August 23-25, Alton Il - http://www.naifa.com/features/regionone.html
or
call 618-462-1220, 618-462-7141, or email Beth Kern, IFA at ABUF37@naifa.com
AOL Users: <a href=http://www.naifa.com/features/regionone.html> Click
Here</a>
Larry Disney, Investigator for the state of Kentucky, will be a guest
instructor. Representatives from the FBI as well as HUD/REAC will be there
also.
12 hours of CE for $225.
>>>>>>>>>> TOP VOLUNTEER SITE <<<<<<<<<<
At the recent annual "Webbys" awards in San Francisco,
www.volunteermatch.com received an unprecedented top awards in two
categories. The Web site was started around 1997 in San Francisco to match
volunteers with organizations that needed them. At that time online
recruiting was new and untested.
I typed in my zip code and asked for volunteers needed within 20 miles. 740
listings showed up, ranging from
Oyster Monitoring at the mouth of Sausal Creek (one time volunteering
within the next two weeks) to
Driver for The Cancer Navigator Volunteer Program (ongoing)
I would like to volunteer more but had difficulty finding opportunities
that fit my schedule. This site is great!!
Check it out at http://www.volunteermatch.org/
AOL Users: <a href=http://www.volunteermatch.org> Click Here</a>
>>>>>>>>>> APPS UP <<<<<<<<<<
The market composite index of mortgage loan applications-a measure of loan
purchases and refinances-for the week ending August 3 increased 3.6 percent
to 525.3 on a seasonally adjusted basis from 507.2 the previous week,
according to the Weekly Mortgage Applications Survey of the Mortgage
Bankers Association of America (MBA), which was released August 8. On an
unadjusted basis, the application index increased 3.3 percent and was up
54.8 percent compared to the same week a year earlier.
The MBA seasonally adjusted Purchase Index increased to 318.2 from 312.0
the previous week; the seasonally adjusted Refinance Index increased to
1730.1 from 1643.0. Other seasonally adjusted index activity included the
Conventional Index, which increased to 680.6 from 656.8 the previous week,
and the Government Index, which increased to 266.2 from 257.7 the previous
week.
Refinancing activity represented 46.4 percent of total applications,
increasing from 45.5 percent the previous week. ARM activity increased to
11.7 percent from 11.4 percent the previous week.
The average contract interest rate for 30-year fixed rate mortgages was
7.00 percent, increasing from 6.96 percent the previous week, with points
increasing to 1.35 from 1.29 (including the origination fee) for 80 percent
loan-to-value (LTV) ratio loans.
>>>>>>>>>> JULY USPAP Q&AS - RECENT USPAP CHANGES <<<<<<<<<<
Question #1:
I understand that the ASB retired Statement No. 8, "Electronic Transmission
of Reports" effective January 1, 2002. Does this mean I can no longer send
appraisal reports electronically to my clients after that date?
Question #2:
What does it mean when the ASB retires a portion of USPAP?
Question #3:
I understand the ASB recently made changes to USPAP that are effective as
of July 1, 2001. Is that true? And, what were those changes?
For the answers, Go to https://www.appraisalfoundation.org/asb-q&a.htm and
scroll down to July, 2001.
AOL Users: <a href=https://www.appraisalfoundation.org/asb-q&a.htm> Click
Here</a>
>>>>>>>>>> LOWEST RANKED ISPS - AOL AND MSN <<<<<<<<<<
According to the September, 2001 issue of Consumer Reports, as reported by
the Associated Press, AT&T Worldnet, BellSouth, and EarthLink got high
marks overall. MSN and Compuserve got the lowest overall ratings, with AOL
slightly better.
Sorry, no free online report! You can purchase a copy of the current issue
at your local news stand. Or subscribe to the online version for $24 per
year at http://www.consumerreports.org
AOL Users: <a href=http://www.consumerreports.org> Click Here</a>
>>>>>>>>>> HOW TO GET MORE OUT OF SCANDISK <<<<<<<<<<
Since all my computers crash, some frequently and others once in a while, I
regularly see the "scan computer" message when rebooting.
Realty times has a good article on how to use Scandisk's features:
" While most Windows users are at least somewhat familiar with the Scandisk
utility, often seeing it run automatically after their system crashes or
restarts irregularly, few realize the advanced options that are available
to them as part of their overall computer maintenance needs." Short and
easy to read.
Full Story: http://realtytimes.com/rtnews/rtapages/20010730_scan.htm
AOL Users: <a
href=http://realtytimes.com/rtnews/rtapages/20010730_scan.htm> Click Here</a>
=======================================
If you don't already subscribe .... To get all the news, not just the
headlines and links, subscribe to my monthly "paper" and PDF Appraisal
Today newsletter for $99 per year ($149 for 2 years), call 800-839-0227 or
fax 800-839-0014 (credit card orders) or send your check (made out to RECR)
to 2015 Clement Ave., Alameda, CA. Order online or print out an order form
at http://www.appraisaltoday.com/orderfrm.htm
AOL Users: <a href=http://www.appraisaltoday.com/orderfrm.htm> Click Here</a>
To order a FREE sample issue or get more information, go to
http://www.appraisaltoday.com/sample.htm
or call 800-839-0227 or fax
800-839-0014 . AOL Users: <a
href=http://www.appraisaltoday.com/sample.htm> Click Here</a>
8/19/01 Joke/bad lenders/census
New this week from Appraisal Today e-news
+ It's not too late
+ An Appraiser Joke
+ AI August newsletter
+ Apps down, appraisers way too busy
+ More census info released
>>>>>>>>>> It's not too late <<<<<<<<<<
I know, I know, lots of appraisers are way too busy to take time to go to
AppraisalTech 2001...
Even if you can only take a few hours, you can get an Expo Only pass for
$30 which includes a free lunch. Check out the latest stuff from appraisal
vendors! Get your questions answered on the software you use now, or check
out new software and data services!
5 forms software vendors
4 data providers
2 DCF software programs
2 E&O insurance brokers
and other vendors!
Just call 800-839-0027, register online, or fax the registration form.
http://www.appraisaltoday.com/registration.htm
AOL Users: <a href=http://www.appraisaltoday.com/registration.htm> Click
Here</a>
>>>>>>>>>> An Appraiser Joke <<<<<<<<<<
Three appraisers were walking in the forest one day.
>
> They saw a set of tracks and started arguing over
> what> kind of tracks they were.
>
> The first appraiser said, "I think they're deer
> tracks!"
>
> The second appraiser said, "I think they're dog
> tracks!"
>
> The third appraiser said, "Well, I think they're cow
> tracks!"
>
> They were still arguing when the train hit them.
Thanks to Steven A. Strottmann, SRA for this joke!!
Omaha, NE
>>>>>>>>>> AI August newsletter <<<<<<<<<<
The Appraisal Institute's August online newsletter is out..
Link to the news is at
http://www.appraisalinstitute.org/anol/2001-08/industry_news.asp
AOL Users: <a
href=http://www.appraisalinstitute.org/anol/2001-08/industry_news.asp>
Click Here</a>
Mostly news for AI members, but some good summaries of legislative and
regulatory info, including links to documents, such as HUD, Fannie and
Freddie, FDIC, etc.
Here's the HUD lender info from the AI online newsletter:
On July 23, the HUD Mortgagee Review Board submitted info on
administrative actions taken against 55 HUD-approved mortgagees. taken
between June 1, 2000, and April 13, 2001. Six of actions were in part due
to deficiencies of appraisals being performed for the lenders.:
- 1st Republic Mortgage Bankers, Inc, Floral Park, N.Y. Action: Without
admitting fault or liability, 1st Republic agreed to an administrative
payment to HUD of $50,000. Cause: 1st Republic failed to reconcile
incongruities within the Uniform Residential
Appraisal Report prepared by the appraiser.
- American SkyCorp, Inc, Timonium, Md. Action: The Board removed ASI's
HUD/FHA approval for five years and imposed a civil money penalty in the
amount of $220,000. Cause: ASI failed to reconcile conflicting information
concerning the URAR in one loan.
- Irwin Mortgage Corporation, Indianapolis, Ind. Action: Without admitting
fault or liability, Irwin agreed to indemnify HUD for any losses incurred
in 16 loans. Cause: Irwin failed to reconcile discrepancies between its
files and the URAR.
- Madison Home Equities, Inc, Lake Success, N.Y. Action: Without admitting
fault or liability, Madison agreed to a civil money penalty of $71,500, and
agreed to voluntarily withdraw from participation in all HUD programs and
not to reapply for HUD/FHA
approval for five years. Cause: By ignoring discrepancies between appraisal
reports and sales contracts, Madison failed to ensure that the appraisals
were reliable; and they failed to ensure that appraisals met the existing
requirements of HUD/FHA for inclusion of at least one conventional
comparable.
- Mortgage Lending of America, Inc., Huntington Station, NY. Action: The
Board withdrew MLA's HUD/FHA approval for five years. Cause: MLA failed to
obtain accurate appraisals.
- Northstar Mortgage Corporation, Dallas, TX. Action: Without admitting
fault or liability, Northstar agreed to a civil money penalty of $8,000 and
Northstar agreed to indemnify HUD on any losses incurred on two loans.
Cause: Northstar failed to resolve
inconsistencies on property appraisal reports in two loans.
For a summary of the actions, go to
http://www.inman.com/hstory.asp?ID=25615&CatType=R
AOL Users: <a href=http://www.inman.com/hstory.asp?ID=25615&CatType=R>
Click Here</a>
>>>>>>>>>> Apps down, appraisers way too busy <<<<<<<<<<
The market composite index of mortgage loan applications-a measure of loan
purchases and refinances-for the week ending August 10 decreased 3.2
percent to 508.4 on a seasonally adjusted
basis from 525.3 the previous week, according to the Weekly Mortgage
Applications Survey of the Mortgage Bankers Association of America (MBA),
which was released Aug. 15. On an unadjusted basis, the application index
decreased 3.9 percent but was up 53.1 percent compared to the same week a
year earlier.
Here in Northern Ca, and lots of other areas, appraisers are way too busy.
Why are we busy here? Get that cashout refi done before you get laid off....
>>>>>>>>>> More Census info released <<<<<<<<<<
The Census 2000 Supplementary Survey at http://www.census.gov/c2ss/www/
AOL Users: <a href=http://www.census.gov/c2ss/www> Click Here</a>
At this site provided by the US Census Bureau, you can investigate the
much-talked-about results of the Bureau's 2000 Supplemental Survey (2000
SS) recently released.
Thanks to Michael Cartwright, Internet Search Guru for this great link,
originally provided by the Scout Report at http://scout.cs.wisc.edu/
AOL Users: <a href=http://scout.cs.wisc.edu> Click Here</a>
8/26/01 20 years of the PC/Refi boom?/comml slowdown
New this week from Appraisal Today e-news
+ 20 years of the PC
+ Another refi boom?
+ AppraisalTech 2001 Redux
+ Beige Book sees commercial slow down
+ Apps up - help!!
<<<<<<<< SPONSOR: AUTOMATED VALUATION MODELS >>>>>>>>
SAVE TIME & MONEY
By ordering AVM's at your desktop you get:
*Property Values on the Internet in seconds,
*24/7 access to property data.
*The ability to obtain a property value BEFORE you invest appraisal time.
*A full list of comparable sales & price trends.
*An overview of neighborhood valuations.
*More time to build your business!
*Order AVM's from CIS
Call CIS at 800.275.7722 ext. 3027 to order your AVM's or ask for a free
sample report. E-mail your request to: sales@cisinfo.net
CIS is a national e-business provider of information products & services,
call today for more information.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
>>>>>>>>>> 20 YEARS OF THE PC <<<<<<<<<<
On August 12, 1981, IBM announced introduced the first IBM PC. Of course,
personal computers had been around since 1975 (Altair, Atari, etc.), but
IBM's new product "legitimized" their use in business applications, not
just for hobbyist or personal use.
At that time I was working for a biotech company as a corporate real estate
manager. Within 6 months, my company agreed to buy me an IBM PC with one
floppy drive. I think the price was around $3,000. I justified the cost to
my bosses by doing a financial analysis of how much time I would save using
a new spreadsheet program called Lotus 1-2-3, which came on one floppy disc.
One of my favorite quotes about the anniversary was about the unreliability
of the PC. Would we accept a car that broke down 2-3 times a day, or a
microwave that wouldn't "boot up"? No. We would be boycotting the
manufacturer of the microwave, and the auto manufacturer would be out of
business. But somehow we have become dependent on a PC that regularly has
to be rebooted and is a hassle to maintain. What does this mean? I'm not
sure - but I thought it was a very interesting comment.
A great panel discussion was on National Public Radio on August 13. To hear
it, go to http://www.npr.org and search for "20th Anniversary of Personal
Computers."
AOL Users: <a href=http://www.npr.org> Click Here</a>
>>>>>>>>>> ANOTHER REFI BOOM? <<<<<<<<<<
Seems like more and more predictions for a refi boom with rates under 7%
and holding.
Ken Harney's recent article is one of them at
http://realtytimes.com/rtnews/rtcpages/20010820_rerefi.htm
AOL Users: <a
href=http://realtytimes.com/rtnews/rtcpages/20010820_rerefi.htm> Click
Here</a>
I have no idea where they will find the appraisers, here at least, as I
don't know anyone taking new clients, particularly mortgage brokers.
>>>>>>>>>> Beige Book sees commercial slow down <<<<<<<<<<
Now that the economy is slowing, economic analyses are becoming more
important. One closely watched report is the "Beige Book", the Summary of
Commentary on Current Economic Conditions by Federal Reserve District,
published August 8. See what says about your region -
http://www.federalreserve.gov/FOMC/BeigeBook/2001/20010808/default.htm
AOL Users: <a
href=http://www.federalreserve.gov/FOMC/BeigeBook/2001/20010808/default.htm>
Click Here</a>
>>>>>>>>>> APPRAISALTECH 2001 REDUX <<<<<<<<<<
Over 240 appraisers, and representatives from 23 vendors, had a great time
at AppraisalTech 2001. What was the highlight? Well the education sessions
were highly rated, but the food and entertainment during the party were
also very popular. What other appraisal conference has had a stilt walker,
magician, fortune teller, and caricature artist at the reception/party.
None! Candid fotos will be up on the conference web site by next weekend,
such as "Appraisers in a deep discussion of USPAP - NOT!!"
Frank Lucco's Appraiser Survivor Game was the show-stopper, with two teams
of competing appraisers, in the "Residential Technology - where will we be
in 5 years" session. You had to be there... can't really be described ;>
Yes, there will be an AppraisalTech 2002. I'll let you know when and where.
Sorry, no tapes are available of this year's conference but I plan on
having audiotapes available next year.
The Winner of the Palm Xv drawing is Sue A. Noel, Farm & Home Appraisal
Net, Stoutsville, OH.
>>>>>>>>>> APPS UP - HELP!! <<<<<<<<<<
The market composite index of mortgage loan applications—a measure of loan
purchases and refinances—for the week ending August 17 increased 0.3
percent to 509.8 on a seasonally adjusted basis from 508.4 the previous
week, according to the Weekly Mortgage Applications Survey of the Mortgage
Bankers Association of America (MBA), which was released last Wednesday. On
an unadjusted basis, the application index decreased 0.6 percent but was up
64.0 percent compared to the same week a year earlier.
The MBA seasonally adjusted Purchase Index decreased to 293.2 from 300.7
the previous week; the Refinance Index increased to 1769.8 from 1716.0.
Other seasonally adjusted index activity included the Conventional Index,
which decreased slightly to 666.6 from 666.8 the previous week, and the
Government Index, which increased to 248.2 from 244.1 the previous week.
Refinancing activity represented 49.7 percent of total applications,
increasing from 47.9 percent the previous week. ARM activity decreased to
11.7 percent from 13.1 percent the previous week.
The average contract interest rate for 30-year fixed rate mortgages was
6.85 percent, decreasing slightly from 6.87 percent the previous week, with
points increasing to 1.32 from 1.26 (including the origination fee) for 80
percent loan-to-value (LTV) ratio loans.
=======================================
If you don't already subscribe .... To get all the news, not just the
headlines and links, subscribe to my monthly "paper" and PDF Appraisal
Today newsletter for $99 per year ($149 for 2 years), call 800-839-0227 or
fax 800-839-0014 (credit card orders) or send your check (made out to RECR)
to 2015 Clement Ave., Alameda, CA. Order online or print out an order form
at http://www.appraisaltoday.com/orderfrm.htm
AOL Users: <a href=http://www.appraisaltoday.com/orderfrm.htm> Click Here</a>
To order a FREE sample issue or get more information, go to
http://www.appraisaltoday.com/sample.htm
or call 800-839-0227 or fax
800-839-0014 . AOL Users: <a
href=http://www.appraisaltoday.com/sample.htm> Click Here</a>
|