ALERT: Wire Fraud at Closing

ALERT: Wire Fraud at Closing

The Federal Trade Commission (FTC) and the National Association of REALTORS® have announced concerns over closing cost scams, including scams in Utah.Here's how the scam works: Hackers break into a consumer's or real estate professional's email accoun

Nov 07, 2018 | Mortgage News

Home Price Gains Remained Solid in September 2018

Home Price Gains Remained Solid in September 2018

CoreLogic reports that home prices nationwide, including distressed sales, rose 5.6 percent year over year in September 2018 compared to September 2017. The 5.6 percent is down from June's 7.1 percent year over year increase as home price gains modera

Nov 06, 2018 | Mortgage News

Workin' 9 to 5, What a Way to Make a Livin'

"Workin' 9 to 5, what a way to make a livin'"- 9 to 5, Dolly Parton This past week showed more and more people working 9 to 5 and home loan rates didn't like it. First, the ADP Report on Wednesday showed 224,000 private jobs create

Nov 02, 2018 | Mortgage News

Mortgage Rates Slip

The average rate on a 30-year fixed rate mortgage fell to 4.83% in the latest week, according to mortgage guarantor Freddie Mac, down from 4.86% the week before. Investors flocked to bonds for safety as the stock market tumbled, and mortgage rates typical

Nov 01, 2018 | Mortgage News

Zombie Foreclosures

The number of “zombie foreclosures” – vacant properties in the foreclosure process – fell to 10,291 homes, down 4.18% during the 2018 third quarter from a year earlier. The new total represents just 3.38% of all properties in forec

Oct 31, 2018 | Mortgage News

Stocks Tricked While Bonds Treated Ahead of Monster News Week

"The key to making money in stocks is not getting scared out of them..." Peter Lynch Folks didn't receive that memo this past week as the threat of rising rates and some not-so-rosy outlooks from firms like Amazon definitely frightened inv

Oct 26, 2018 | Mortgage News