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nathan@advancedfunding.com
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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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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 investors, who fled from Stocks. All three major Stock indices - the Dow Jones, S&P 500 and Nasdaq sold off hard this week and are now flat-to-negative for the year. Even a better than expected 3rd Quarter GDP reading of 3.5% along with a stellar consumer spending reading on Friday could not help Stocks avoid a selloff at the open. ...

October 26th, 2018 | Mortgage News, Stocks Tricked While Bonds Treated Ahead of Monster News Week

Land of Confusion

"Now did you read the news today. They say that danger's gone away." Land of Confusion by Genesis. Our Federal Reserve has a dual mandate - to maintain price stability (inflation) and maximum employment. They also have a 3rd "unstated" mandate, which is to maintain market calm. This past week, the Fed came up a bit short on that "unstated" mandate and created quite a bit of confusion and market turmoil midweek upon releasing the Minutes from the Sept 26th Fed meeting. In that meeting, we learned there is a group of "hawkish" Fed Members that...

October 19th, 2018 | Mortgage News, Land of Confusion

Home Sales Fall 11.6% from Last Year

U.S. home sales dropped 11.6% in September from the previous year, according to the RE/MAX National Housing Report. At the same time the median sales price rose 5.6% to $241,000, the 30th straight monthly increase in year-over-year prices. Available inventory fell 4.7% to a 3.7-month supply in September, but rose slightly from last year’s 3.6-month supply. Experts believe that inventory declines are slowing and that the market is gradually correcting itself to a more balanced equilibrium.

October 16th, 2018 | Mortgage News, Home Sales Fall 11.6% from Last Year

Mortgage Foreclosures Fall to 12-Year Low

As the unemployment rate has continued to improve, more Americans, including Utahns, have been able to keep up on their mortgage payments, pushing the national foreclosure rate to its lowest point since 2006. According to data from CoreLogic, foreclosures made up just 0.5% of all mortgages in July, down from 0.7% the year before. Delinquencies also declined, falling from 4.7% to 4.1% for all loans delinquent by 30 more days.

October 9th, 2018 | Mortgage News, Mortgage Foreclosures Fall to 12-Year Low

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