Housing starts jumped in April and industrial production for the same time period rebounded strongly, surpassing expectations. The positive readings were welcome news for stock markets that have … [Read more...]
Utah Mortgage Rates – Greece Deja Vu All Over Again
May 15, 2012 By Leave a Comment
Interest rates in the United States and in Utah are tied to the global economy so the recent political and economic turmoil in Europe bring rates in line with all-time lows. The current rate … [Read more...]
Europe and Stock Market Keep Rates Low
May 11, 2012 By Leave a Comment
It's been an interesting May so far. Elections last week in Europe, where voter discontent with austerity measures was manifest, have investors guarded and questioning the EU's ability to deal with a … [Read more...]
Cinco de Mayo Celebrations Around Salt Lake and Ogden
May 4, 2012 By Leave a Comment
Cinco de Mayo commemorates the day in 1862 when the Mexican army fought back and defeated the French army in a David-and-Goliath-like battle. And May 5th this year also happens to be the annual Run … [Read more...]
Utah Mortgage Rates Benefit from Disappointing Job Numbers
May 4, 2012 By Leave a Comment
Today's dominant economic headlines pertain to the employment report. Nonfarm payrolls grew by 115,000 in April, falling well short of expectations in the 160,000+ range. The unemployment rate edged … [Read more...]
Low, Low Rates Holding On
May 3, 2012 By Leave a Comment
Early this morning, I thought Utah mortgage rates were headed up a bit. Maybe even enough to move the 30 year conventional rate back up to 4.00%. The tone of the morning was challenging but we are … [Read more...]
Utah Mortgage Rates Move Down
May 2, 2012 By Leave a Comment
Utah Mortgage Rates are again hitting record lows. Weaker than expected ADP employment numbers indicated that private sector hiring slowed more in April than anticipated. Adding to investor caution, … [Read more...]
The Reality of HARP 2.0
May 1, 2012 By Leave a Comment
Although I have helped several people refinance their underwater loans with the HARP 2.0 loan program and for most it is a great program. However, HARP 2.0 has been a bit disappointing. First the … [Read more...]
Salt Lake’s Housing Market Showing Signs of Life
March 29, 2012 By Leave a Comment
The housing market is starting to show signs of life. Why do I think this? Some of my reasons are the numbers and some are antidotal info from my real estate friends. While February existing … [Read more...]
Utah Mortgage Rates on the Rise
March 21, 2012 By Leave a Comment
Today's Utah Mortgage Rates - March 21, 2012 In the last week mortgage interest rates rose to the highest levels since the first of the year. Today rates were ever so slightly improved from … [Read more...]
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