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Latest Nar Info On Refis

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Richard Carlsen

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Michigan
Just got this from NAR.

"Upward Swing Continues for Mortgage Applications

The Mortgage Bankers Association of America reported a fourth consecutive jump in its weekly application tally. For the period ended May 23, the group said application volume was up 4.6 percent to the second-highest level on record."


Let's see now; there was an increase in loan applications last week. So the LO's will want to close all of these loans by June 21st. Therefore, the appraisal orders will be placed between the 10th and the 14th of June.

Any you all thought we were going to have a normal summer...............
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
I got a call - need a refi by Tuesday. I said I could do it on Sunday and doubled my FHA fee. Not a blink from the company. I don't like it, but it's easy money.

That being said, I'm working to after 11 p.m. every night.

I just took a 4 day vacation and I need another.

Roger
 
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