Aug 26, 2019
Appraisals may soon not be required on certain home sales of $400,000 and under.
This change could have a sizable impact on the real estate market, as according to the OCC, the new rules would apply to approximately 40% of home sales.
The average U.S. rate for a 30-year fixed mortgage fell to another three-year low this week, according to the latest Freddie Mac Primary Mortgage Market Survey.
Freddie Mac Chief Economist Sam Khater said the drop in mortgage rates continues to stimulate the real estate market and the economy.
President Trump took to Twitter in the last week asking for the Fed to cut rates by another 100 basis points…