We all know that the Federal Governments debt is out of control and the budget is way out of balance. In order to balance the budget the government needs to both cut down on spending, and increase revenue. One of the things they’re discussing, to bring in more revenue, is ending the Mortgage interest tax [...]
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Could the Mortgage Interest Deduction End? Another Reason to Refinance Now
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Low Interest Rates are Increasing Mortgage Applications
The all time low mortgage interest rates are doing something good for the short term economy, they are increasing refinances. Refinances were up six percent last week. But, the low interest rates aren’t doing anything for increasing home buyer activity. 82.4% of the loan applications last week were for refinances. That’s a very high percentage. [...]
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Why a Government-Sponsored, Low-Interest-Rate Refinance Program Would Kill The Housing Market for a Decade
Rumors are circling that the FHA will implement a new, ultra-low interest rate refinancing program to help cash-strapped borrowers. This plan has an unintended consequence that would devastate the housing market for years to come.Borrowers will have a HUGE incentive NOT to move in the future. It’s as if the government was going to pay [...]
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Mortgages Explained- Utah Real Estate Blog
- Home Prices are UP in UtahReport: Utah home prices up There's more evidence Utah's real estate market is turning around. Utah home prices were up 2.3 percent in March compared to March 2011, according to research company CoreLogic. Compared to other states, Utah had the 14th highest appreciation. The picture looked even better when distressed properties were excluded. When […]
- Logan Utah Real Estate Market Conditions: Home Sales Down in AprilApril home sales for Cache County Utah are not quite as good as they were during March. Compared with April of a year ago, home sales improved 7%. 71 homes sold during April compared with 66 in April of 2011. The number of homes for sale has also risen, but this is typical for spring. Their are currently 681 residential homes for sale in Cache County. This i […]
- The Future Is Looking Bright For Utah Real EstateYesterday, the division of real estate came and spoke to Realtors, Mortgage Lenders, and Appraisers in Cache Valley. They gave us an update of the Utah Real Estate market as well as the Utah Economy as a whole. In general, they had very many positive things to say, among them: Utah was ranked the number #1 state for business and careers. #1 for Economic Dyna […]
- Home Prices are UP in Utah