The AFS Title Search Index inched up to 126.8 for the week ended Oct. 6 from 126.7 the previousweek, according to Mortgage Information Corp.'s Advance Factor Services. A yearago the index stood at 122.9, 97% of the current level. "Recent marginally lower interest rates are probablygiving the AFSTSX additional buoyancy as housing turnover decelerates," said AFS director Paul Descloux. "Whentaking into account transaction costs, whether financed by the mortgage or not, most mortgagors still see no realoption value on a strictly term basis, probably all the way up to 8.5 percent." Mr. Descloux's e-mail addressis paul.descloux@loanperformance.com.
Processing Content
