Weird Real Estate Agent Photos for Appraisers

Abstract

Mortgage applications decreased 1.8 percent from one week earlier Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending July 22, 2022. The unadjusted Purchase Index decreased 0.4 percent compared with the previous week and was 18 percent lower than the same week one year ago. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 5.74 percent from 5.82 percent, with points decreasing to 0.61 from 0.65 for 80 percent loan-to-value ratio loans. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances increased to 5.32 percent from 5.31 percent, with points increasing to 0.43 from 0.38 for 80 percent LTV loans. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.54 percent from 5.50 percent, with points decreasing to 0.85 from 1.02 for 80 percent LTV loans. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.95 percent from 4.88 percent, with points decreasing to 0.67 from 0.76 for 80 percent LTV loans. The average contract interest rate for 5/1 ARMs increased to 4.67 percent from 4.60 percent, with points decreasing to 0.76 from 0.96 for 80 percent LTV loans.