2nd August 2013

Mortgage Rates Tick Up, Despite Fed Assurances on Stimulus

by The Associated Press Aug 1st 2013 11:09AM
Updated Aug 1st 2013 11:19AM
This is a home sold in Mt. Lebanon, Pa., Tuesday, July 23, 2013. (AP Photo/Gene J. Puskar)Gene J. Puskar/AP
By MARCY GORDON

WASHINGTON — Average rates on U.S. fixed mortgages ticked up this week but are still low by historical standards, a trend that has helped the housing market recover.

Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan rose to 4.39 percent from 4.31 percent last week. Rates are a full percentage point higher than in early May.

The average on the 15-year fixed loan increased to 3.43 percent from 3.39 percent last week.

Rates spiked in June after the Federal Reserve indicated it could slow its bond purchases later this year, which have kept long-term interest rates low.

…continue reading the rest of this post: Mortgage Rates Tick Up, Despite Fed Assurances on Stimulus

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1st August 2013

Newly Updated 2013 AMC Directory – Updated 08/01/2013

Appraisal Managment Company Directory I just wanted to let everyone know that I have newly updated my list of appraisal management companies!

I did something really silly. I was getting so much work from the top 10 companies on my list that I was not updating my license and e&o with the rest of the companies on my list…

I didn’t put ALL my eggs in 1 basket, well, maybe I did!!! Unfortunately with the rising rates I have seen my AMC work come to a crawl.

Because of this, I decided to go through my entire directory again and update all of my information as well as sign up to some additional companies I have got from other appraisers that are still getting flooded with work.

So now my list has over 275 AMCs listed, I got rid of some bad ones, added some new ones to my list of the top 50 that send me the most work and I just got them back from the printer!

So, if you don’t want this to happen to you, or you have seen a significant decline of AMC work, make sure to sign up to the companies listed in my AMC directory before you don’t have enough money coming in to cover your bills.

You can order a printed version of the book so you can take notes inside or get a PDF printable version by ORDERING HERE.


CLICK HERE TO ORDER THE NEWLY UPDATED AMC DIRECTORY

Thanks again and hope everything is going well with you!

Bryan Knowlton
Appraiser Income
http://www.appraiserincome.com

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