Rates and the Industry: What Comes Next?

Mark and Jeff review the recent CPI report and explain what it means to interest rates. They discuss how the Fed Funds rate relates to the mortgage rate and why there is hope for bigger reductions than just the 0.25% rate drop anticipated by the Fed. They also talk about why appraisals do and don't come in at the contract price, and why college degrees (and the various alternatives to it) are required to become an appraiser.