What is an appraisal? Simply put, a real estate appraisal is the expert opinion of a certified, state-licensed professional appraiser who determines the value of a piece of property, or what is also called “market value.” Appraisers confirm and evaluate the existence and condition of the property; square footage; number…
Just like the temperature, rates for 30-year loans have been on the rise this summer, climbing back from their record 3.5% levels. Recently, government-backed Freddie Mac reported a full percentage point jump to 4.5% for fixed rate mortgages. Traditionally, mortgage rates change with the economy, and lower rates occur when…
