Interest Rates In The Time of COVID-19 At the beginning of 2020, the oracles forecasted a booming economic year and steady mortgage rates somewhere in the 4’s. Their crystal balls prophesied 2019’s low mortgage rates would become a unicorn, a blip to read about in history books. That was of course, before COVID. Now, the rates have fallen to areas
Appraisals In The Time of COVID-19 In these COVID times, appraisals are the hurdle to closing transactions. (BTW, have you noticed that COVID is the excuse for EVERYTHING? Some appraisers provided awful service before, but now they have an excuse.) Appraisals are to protect the buyer from purchasing an overvalued home and all appraisers are managed by appraisal management companies.