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Mortgage Update

The Waiting Game: An $80,000 Mistake

The Waiting Game: An $80,000 Mistake We saw housing prices gain north of 12% along the Wasatch Front and the state of Utah in 2020. That’s remarkable given the circumstances. We know that Utah currently has the lowest unemployment rate in the country. We’re #2 in terms of in-migration, or families relocating to work in […]

Will Housing Prices Cancel Out Low Mortgage Rates?

Today I look at the broader question of “Will Housing Prices Cancel Out Low Mortgage Rates?” I stumbled upon a great Realtor.com article that I’d like to share with you. This article covers the national economy and the real estate economy.

Q: Is Your Mortgage Causing You Stress?

While renegotiating your mortgage loan with your lender may sound daunting, it’s important to act quickly to keep missed payments from getting out of hand.

How is COVID-19 Affecting the Mortgage Market?

How is COVID-19 Affecting the Mortgage Market? Today we want to talk about the mortgage market and how COVID is changing the mortgage landscape. JPMorgan Chase just announced that it has stopped accepted HELOC applications as of April 14th, 2020. Of course, they’re calling this a temporary pause. In addition to that, JPMorgan Chase is requiring 20% […]

Fannie Mae Assistance Options for Homeowners Impacted by COVID-19

Fannie Mae Assistance Options for Homeowners Impacted by COVID-19 Today we’re going to talk about Fannie Mae assistance options for homeowners impacted by COVID-19. A recent article put together by PRNewswire stated that Fannie Mae wants to help ensure families are given options in these uncertain times in the case of job loss, a reduction in work […]

How Will the Fed’s New Interest Rate Affect Home Mortgage Rates?

How Will the Fed’s New Interest Rate Affect Home Mortgage Rates? What does the Federal Reserve cutting its target interest rate to near zero percent mean for mortgages? This is the second emergency rate cut in two weeks and brings the federal funds rate to between 0% and 0.25%. It’s designed to stimulate the economy […]

This Is How Long a Pre-Approval Usually Lasts

This Is How Long a Pre-Approval Usually Lasts If you’re hoping to buy a home, it’s smart to ponder the question, “How long does a pre-approval last?” Even after you’ve received a lender’s stamp of approval for your financing, weeks or even months could pass before you actually buy a house. Will that pre-approval you […]