Dallas Home Appraisals News and Information

Rates are remaining at their record low levels through the end of the month according to an article on inmannews, despite a decline in applications and a relatively up stock market.  About 75% of the loans were refi's, as home sales are still sluggish.  On the refi side, it's possible that high closing costs are making it a less attractive option for some.  As far as purchases, questions about job security, too little saved for downpayments and credit scores that used to be considered good might be slowing that sector.

Still, there are reasons to be optimistic.  A CNNMoney article points out that many of the programs aimed at buyers and borrowers needing to refinance are just coming up to speed, and homes have never been more affordable. If the unemployment figures stabilize or improve it would create more confidence in potential buyers/borrowers.

On another note, tomorrow is d-day or at least HVCC day.  We have been working diligently to sign up with the AMC's that seem most reasonable and fair, and are trying to be sure that we are on the lists of whatever AMC's our current clients will be using.  Please remember that if you are doing an FHA loan, or a loan that will not be going to Fannie Mae or Freddie Mac, you can still order your appraisals directly from us.  Contact us also if you need an appraisal for any non-lending reasons such as PMI removal, property tax protest or pre-listing.