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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Mortgage Rates Drop to a 10-Month Low

Mortgage interest rates fell to their lowest point in 10-months, according to data from Freddie Mac. The average rate on a 30-year fixed-rate mortgage dropped to 4.41% with an average 0.4 point, down from 4.46% the week before and 4.32% one year earlier. The new rate is lowest since the beginning of April 2018. As the Federal Reserve announced plans to pause future rate hikes, signaling concern about potential economic risks, investors fled to the safety of Treasury bonds which in turn pushed mortgage rates lower for Utah homeowners.   Get a Lower Interest Rate Get Quote

February 12th, 2019 | Mortgage News, Mortgage Rates Drop to a 10-Month Low

What's the Fed's Next Move?

Bad news is good news for the U.S. Bond market and mortgage rates. This past week, bad news by way of worse than expected economic numbers in Europe cast a dark shadow on the financial markets. As a result, U.S. home loan rates ticked down to the best levels in ten months. The U.S. economy is the "cleanest shirt in the dirty laundry" when compared to other global economies -- meaning our economy is performing pretty well, while countries like Germany are on the brink of recession. How do problems in Europe help our rates? With their economies materially slowing, their Central B...

February 11th, 2019 | Mortgage News, What's the Fed's Next Move?

Common Household Health Hazards

We don’t generally think of the place we live in as a component of our health, but it is. Every day, we breathe its air, interact with its materials and components, climb its stairs. If our homes aren’t up to code – literally and figuratively – it can pose a lot of serious risks to our health, in the short and long term. Whether it’s poor indoor air quality, toxic chemicals or risk of injury, there are dangers lurking in many of our homes that we may not even realize are there. These dangers can cause many problems, such as respiratory issues, developmental del...

February 9th, 2019 | Health and Wellness, Common Household Health Hazards

What Are Mortgage Points?

If you have ever checked out the current status of mortgage interest rates, you may have seen the average points listed next to the rates. What are these mortgage points and how do they affect your interest rate?   Points Defined Mortgage points, or discount points, are upfront fees paid to your lender that allow you to “buy down” your interest rate on your home loan. The idea is that you are prepaying some of the interest on the mortgage, which gives you a lower rate. The more points you pay, the lower your interest rate will be. One point is equal to 1% of the total m...

February 6th, 2019 | Home Buying or Selling, Conventional Loans, VA Loans, FHA Loans, Mortgage Basics, Interest Rates, What Are Mortgage Points?

CoreLogic: December Home Prices Rose 4.7%

The pace of U.S. home price appreciation continued to slow in December, according to data from CoreLogic, with prices rising 4.7% compared with the year before and just 0.1% from November. Home price growth slackened significantly in the second half of 2018, slowing to an average of 5.2% for the last six months, down from 6.4% in the first six. CoreLogic predicts that home prices will see an annual increase of 3.4% in 2019. Get a Lower Interest Rate Get a Quote

February 6th, 2019 | Mortgage News, CoreLogic: December Home Prices Rose 4.7%

Why Young Kids Need Chores (and How to Get Them Started)

According to Julie Lythcott-Haims, author of “How to Raise an Adult,” having your child do chores is one of the best ways to help them succeed in life. When they understand that their contributions are a major factor in the happiness and overall harmony of the household, they become more fulfilled and happier people. In a world of tablets, play dates and after-school activities, where do we even start? How can we get our child to want to help around the house? Here are some proven ways to start a young child down the path of household contribution today and future succes...

February 5th, 2019 | Lifestyle, Family, Why Young Kids Need Chores (and How to Get Them Started)