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Fairfield Mortgage News You Can Use

• Residential Appraisal Tips May 8, 2012
  Generally speaking, an appraisal is an unbiased estimate of market value.  Determining an exact value, however, is very scientific and an appraiser has many specific guidelines to follow including the following: A general rule of thumb is that the comparables used for an appraisal should have sold within the last six months and be within […]
  James Williamson
• Economic Roundup: Week of May 7th May 8, 2012
  Weaker than expected global economic data and continued uncertainty in Europe helped mortgage rates stay low and near record low levels over the past week. The economic data released last week in the US, Europe, and China generally reflected a slowing pace of economic growth.  Spain became the eighth euro zone country to officially enter […]
  James Williamson
• Week of April 2nd: Economic Roundup April 6, 2012
  Mortgage rates are on a bit of a recent roller-coaster ride and mostly due to shifting expectations of future Fed policy.  The volatility began on March 13 following a Fed announcement as investors lowered their expectations for additional quantitative easing (QE3).  Last week, however, comments from Fed Chief Bernanke caused investors to raise their expecta […]
  James Williamson