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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Blog Image: Why This Fall Might Be the Best Time to Buy a House

Why This Fall Might Be the Best Time to Buy a House

The U.S. housing market has been in overdrive for the past several months, as buyers play catch up after the coronavirus pandemic shut down most home-shopping in the spring. Existing home sales in June and July both grew by more than 20% while inventory fell almost 33% in July. As we turn the corner into fall, you may be wondering if the market is too hot to buy. While it's impossible to predict exactly what the housing scene will look like, there are still several reasons why this 2020 autumn might be the best time to buy a home. Competition Could Decrease Fall is traditionally the ...

September 30th, 2020 | Interest Rates, Purchasing a Home, Why This Fall Might Be the Best Time to Buy a House

Blog Image: How the New Fed Policy Will Affect Utah Mortgage Rates

How the New Fed Policy Will Affect Utah Mortgage Rates

The U.S. Federal Reserve recently announced its new approach to monetary policy, setting the markets abuzz with rumors. Will Utah mortgage interest rates remain low? Will they jump? Here’s what the Fed’s policy means for mortgage loans.   Fed Policy: More Job Focus, Less Inflation Concern Historically, the Fed has had two main goals. The first has been to encourage strong employment rates while the second has been to keep the national inflation rate around 2%. On average, the Fed has been fairly successful in its aims. Of course, there have been exceptions, like the rec...

September 16th, 2020 | Interest Rates, Mortgage News, How the New Fed Policy Will Affect Utah Mortgage Rates

Blog Image: Should I Refinance into a 15-year Mortgage Now?

Should I Refinance into a 15-year Mortgage Now?

Mortgage interest rates are at all-time lows right now. It’s obviously a great time to refinance for lower rates and payments. Perhaps you are interested in paying off your mortgage loan faster though. Is refinancing into a shorter loan a good idea right now too?   Interest Savings A 15-year fixed-rate home loan is a popular option for borrowers looking to be mortgage-free sooner. These shorter loans come with even lower interest rates than 30-year mortgages, allowing homeowners to save thousands in interest. For example, for a borrower with a home valued at $300,000 with a 2...

August 26th, 2020 | Saving Money, Interest Rates, Refinance, Should I Refinance into a 15-year Mortgage Now?

Blog Image: How are Mortgage Interests Rate Determined?

How are Mortgage Interests Rate Determined?

Getting the very lowest interest rate is usually top priority for most home loan seekers but mortgage rates can vary widely from day to day and year to year. They are influenced by international and domestic market changes as well as an individual borrower’s financial details and loan packages. In order to get the best rate, it is essential to understand all the factors that determine mortgage interest rates.   The Federal Reserve and 10-year Treasury Bond Yield The general range for mortgage rates at any particular time is heavily influenced by the world and U.S. financial...

August 5th, 2020 | Interest Rates, Mortgage Basics, How are Mortgage Interests Rate Determined?

Blog Image: What is an ARM loan?

What is an ARM loan?

While fixed-rate loans are one of the most popular choices for mortgage loans, there is another choice: the adjustable-rate mortgage or ARM loan. If you’ve ever wondered what an ARM loan is or why anyone would want one, here is what you need to know:   ARMs Defined An adjustable-rate mortgage is a type of home loan with a short fixed-rate period, after which the interest rate is allowed to adjust periodically based on certain market indexes.   How an ARM Works An ARM loan comes with an initial low-rate period of anywhere from one to ten years. During that time, yo...

June 17th, 2020 | Interest Rates, Loan Programs, What is an ARM loan?

Blog Image: Can a Higher Interest Rate Actually be a Better Choice?

Can a Higher Interest Rate Actually be a Better Choice?

Mortgage interest rates are near record lows again. This can mean great deals for homebuyers and great savings for homebuyers. Some lenders will even start advertising rates that are at least a half-point lower than the average national rate. Buyers and refinancers should be aware that these ultra-low rate deals come with strings attached. In some cases, it may actually be better to choose a higher rate option. Here’s what you need to know:   Points In order to get some of these rock-bottom rate deals, borrowers are often required to pay discount points to the lender. One poi...

March 27th, 2020 | Interest Rates, Refinance, Home Buying or Selling, Homeowner Tips, Can a Higher Interest Rate Actually be a Better Choice?

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