"Hut One, Hut Two... HIKE!" It was all about the Fed this past week. On Wednesday, they "hiked" the Fed Funds Rate by 25 basis points (0.25 percent). That rate affects short-term loans like auto and credit cards - what it doesn&
Dec 22, 2018 | Mortgage News
The National Association of REALTORS® (NAR) reports that Existing Home sales in November rose 1.9 percent from October to an annual rate of 5.32 million units versus the 5.20 million expected. Gains were seen in the Northeast, Midwest and South w
Dec 19, 2018 | Mortgage News
Interest rates on long-term U.S. mortgage loans fell to their lowest level in three months last week, according to data from Freddie Mac. During the week ended December 13, the average rate on a 30-year fixed-rate mortgage dropped to 4.63% with an average
Dec 18, 2018 | Mortgage News
The Federal Housing Administration announced that nearly every area of the U.S. will see 2019 FHA loan limits increase, including counties throughout Utah. The new loan limits will take effect for FHA case numbers assigned on or after Jan
Dec 16, 2018 | Mortgage News
Home loan rates bounced around this week, due to volatility in the U.S. Bond market, but went into the weekend still near three-month lows. There are push/pull items that continue to limit how low and high rates can go. Here is what home shoppers should
Dec 14, 2018 | Mortgage News
Mortgage credit was more readily available in November to borrowers, as lenders loosened their underwriting standards slightly, according to the Mortgage Bankers Association. The MBA’s Mortgage Credit Availability increase 1.1% from October to a rea
Dec 11, 2018 | Mortgage News
