Articles

Housing industry split on impact of latest Fed rate cut. The Federal Reserve announced its second rate cut of the year on Thursday. The quarter-point reduction has been closely watched by the mortgage industry, but experts suggest its effects may not be felt by homebuyers right away.

Federal Reserve cuts anchor rate by 25 basis points as expected. Benchmark rate now at target range of 4.5%-4.75%.

Growing Opportunities for Early-Career Professionals With mPact. Any industry depends on engaging and inspiring the next generation–and mortgage banking is no exception. mPact, a network and initiative by the Mortgage Bankers Association focused on young and early-career participants, aims to tackle that problem.

If the Fed Cut Rates, Why Have Mortgage Rates Been Going Up? Mortgage rates have not only stayed elevated but have reversed virtually all the declines that began in mid-summer, reaching as high as 6.73% in some states. So, what happened?

In this episode of the Appraisal Buzzcast, we’re joined by David Sober, SVP of Enterprise Business Development at Voxtur. David shares his journey in the real estate industry, offers a preview of the upcoming MBA Annual Conference in Denver, and highlights the importance of mentorship through his work with MPact.

In this episode, we welcome back Ernie Durbin, Chief Valuation Officer at Voxtur, and a frequent guest on the Appraisal Buzzcast. Ernie has just wrapped up a highly insightful 3-part series on the upcoming UAD changes, and he’s here to share some key takeaways for those who might have missed it.

Fed cuts interest rates for first time in 4 years – here’s what that means for your wallet.

The big interest rate cut finally happened — here’s what the mortgage industry had to say.

Fed Cuts Rates for First Time Since the Start of the Pandemic. Citing that inflation has made further progress toward its 2% goal, the Federal Open Market Committee (FOMC) today voted to cut the Fed Funds rate by 0.50 percentage points to a range of 4.75% to 5%.

In my articles “From Forms to Reports: A Look at the UAD Overhaul” and “The New UAD: Don’t Borrow Trouble,” we explored the fundamental changes brought about by the new UAD standards and addressed common concerns within the industry. In this final article, we will look more closely at the practical implications of these changes. How will lenders order appraisals without standard form numbers? How will appraisers price their services based on the dynamic nature and the scope of work concept? How should appraisers prepare themselves now for the upcoming changes in UAD? And how can we be ready for the champion-challenger selection of software?