Author Archive
Economy on the Mend?
Over the past year it seems like all we’ve heard in the news is nothing but the status of the economy. Is it getting better or is it getting worse? We always hear conflicting comments and ideas. Recently, I read this article and thought I’d share it with you. I’ll forewarn you that it’s a lot of statistic, but if you take a minute and read through it, you’ll realize that Utah is in pretty good shape in comparison to other states. I hope you enjoy!
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What’s in Store for Mortgage Rates?
I can’t think of an easier year to predict the direction of interest rates than 2010. It is safe to say that mortgage rates will be higher this year than they were in 2009. Unfortunately for homeowners and the real estate markets, the days of a 4.5% 30 year fixed rate mortgage cannot last forever.
In November of 2008, the Federal Reserve allocated $1.25 trillion towards the purchase of Mortgage Backed Securities. As of January 15, 2010, $1.137 trillion of this budgeted amount has been spent. By March 31, 2010, the entire $1.25 trillion is scheduled to be depleted. Once the Fed steps out of the market, the likelihood of higher rates is probable. Read the rest of this entry »
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Looking for the Home of Your Dreams?
Does the Home of Your Dreams come with an Extra Incentive?
Fannie Mae is offering a 3.5% incentive for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. To read more and gather more details simply read the flyer below. In addition, feel free to contact us to see if the home of your dreams is owned by Fannie Mae and would qualify for this program! Read the rest of this entry »
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How Do Interest Rates Move?
If you’ve ever wondered how interest rates work? Take just a few minutes and watch this great video. It’s a very simplified version of how interest rates move UP and DOWN in this very volitale market. You’ll get a small taste of what we monitor each and every day. Enjoy the video!
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Need A Little Motivation? Watch This!
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Coming Soon….Real Soon!!!
As you can see we are in the process of redesigning our website. Give us just a few more days to finalize everything and get it up and running for YOU. If you are still a bit curious about the Scott Phippen Lending Team go to www.thescottphippenlendingteam.wordpress.com until we finalize everything here. We are looking forward to the new look and feel.
Don’t forget to check back in a few days to check out the look and feel.
Scott Phippen and Team
