Rising interest rates, a slowdown in home purchases, and consolidation of the lending industry comprise the three predicted events most likely to affect the appraisal business in 2019. But while home sales may slow or stagnate, appraisers can still profit from the proliferation of…
Nearly 15 years ago, homeowners were anxious to refinance their homes, thinking the interest rates had hit historic lows. “Thirty-year fixed rates were at 5.3 percent then, which was a rock-bottom point,” said Keith Gumbinger, vice president of HSH.com mortgage data firm. “We became…
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