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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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What Do Higher Utah Real Estate Prices Mean for Home Buyers?

The Utah housing market has been skyrocketing this year, with homes in some well-sought after cities provoking bidding wars in hot neighborhoods. For home buyers, this may mean that they are more likely to end up paying more than they are expecting when they start looking for the home of their dreams. Home buyers should start preparing for their search by finding out what they can afford before making a list of what they want. Start by crunching the numbers with a qualified mortgage professional and determine which monthly payment can be safely worked into your budget. Once you have dete...

May 12th, 2019 | Mortgage News, Home Buying or Selling, What Do Higher Utah Real Estate Prices Mean for Home Buyers?

S&P Case-Shiller 20-City Home Price Index Edged Lower

Home price gains continue to cool as they drift down to more normal levels due in part to an uptick in housing inventories. The S&P Case-Shiller 20-City Home Price Index rose 3% from February 2018 to February 2019, up 0.2% from January to February. The national index increased 4% annually. Home price gains topped out in late 2013 with double-digit gains. A spokesperson for the index said that the pace of home prices continues to slow.   Get a Lower Interest Rate Inquire Now Vantage Production, LLC is the copyright owner or licensee of the content and/or information in this p...

April 30th, 2019 | Mortgage News, S&P Case-Shiller 20-City Home Price Index Edged Lower

The Unemployment Line is Shortest in 50 Years

Initial Jobless Claims is a weekly report that tracks how many people have filed for unemployment benefits. It is both a solid gauge on the state of the labor market and economy and a leading indicator on what to expect in the months ahead. So, what are Initial Jobless Claims telling us today? Last week's 196,000 recorded was the lowest in over 50 years! This is what it's telling us: The labor market continues to strengthen. The chance of a recession in 2019 is near zero. Low Initial Jobless Claims also leads to continued higher wage gains, which is wonderful for consum...

April 12th, 2019 | Mortgage News, The Unemployment Line is Shortest in 50 Years

March Non-Farm Payrolls Rebound

The Bureau of Labor Statistics reports that payroll growth rebounded in March after the weak reading in February. Non-Farm Payrolls rose 196,000 last month, above the 175,000 expected and above the 33,000 created in February. For January and February, upward revisions totaled 14,000. The Unemployment rate remained at 3.8%, near 50-year lows. Hourly earnings rose 3.2% year-over-year, down from 3.4% in February. Overall, a solid report with average job growth at 180,000 for the first three months of 2019.   Spring is the peak homebuying season for many parts of the country. After year...

April 5th, 2019 | Mortgage News, March Non-Farm Payrolls Rebound

Mortgage Rates Tumble at Fastest Pace in 10 Years

U.S. mortgage rates plummeted last week, as investors continue to fear slower international economic growth. According to Freddie Mac, the average rate on a 30-year fixed-rate mortgage (FRM) loan dropped to 4.06%, down from 4.28% the week before and the largest weekly decrease since June 2009. Rates on 15-year FRMs also fell, averaging 3.57%, down from 3.71% the previous week. Lower rates will be a welcome gift to potential homebuyers this spring. Lower My Interest Rate

April 4th, 2019 | Mortgage News, Mortgage Rates Tumble at Fastest Pace in 10 Years

Home Price Gains Cool in February

CoreLogic reports that home prices, including distressed sales, rose 4% from February 2018 to February 2019 as gains begin to cool to more normal levels after the 4.4% increase year-over-year seen last month in January. In early 2018, gains were seen in the 7% range. Month-over-month, prices rose 0.7% from January to February. Looking ahead, prices are expected to rise by 4.7% from February 2019 to February 2020. Vantage Production, LLC is the copyright owner or licensee of the content and/or information in this post, unless otherwise indicated.  

April 2nd, 2019 | Mortgage News, Home Price Gains Cool in February