What Are Mortgage Points?

What Are Mortgage Points?

If you have ever checked out the current status of mortgage interest rates, you may have seen the average points listed next to the rates. What are these mortgage points and how do they affect your interest rate?   Points Defined Mortgage points, o

Feb 06, 2019 | Home Buying or Selling Conventional Loans VA Loans FHA Loans Mortgage Basics Interest Rates

Why Young Kids Need Chores (and How to Get Them Started)

Why Young Kids Need Chores (and How to Get Them Started)

According to Julie Lythcott-Haims, author of “How to Raise an Adult,” having your child do chores is one of the best ways to help them succeed in life. When they understand that their contributions are a major factor in the happiness and

Feb 05, 2019 | Lifestyle

The Fed Throws a Party for Stocks and Bonds

The Fed Throws a Party for Stocks and Bonds

The Fed met this past week. As expected, they didn't hike rates and the Fed Statement was very "dovish," suggesting that rate hikes will be off the table for most, if not all, of 2019. The Fed looked to "muted inflation" and slowi

Feb 01, 2019 | Mortgage News

November New Home Sales Surge!

November New Home Sales Surge!

The partial government shutdown ended last Friday so the delay of sales of newly built homes for November was reported today with a big number. November New Homes Sales jumped 17% from October to an annual rate of 657,000 units, well above the 555,000 exp

Jan 31, 2019 | Mortgage News

Why Do Mortgage Rates Go Up and Down?

Why Do Mortgage Rates Go Up and Down?

Mortgage rates fluctuate from week to week and they can make huge swings from decade to decade. In the early 1980s, for example, mortgage rates were as high as 18% while roughly 30 years later they are less than a third of that rate. What causes Utah inte

Jan 30, 2019 | Mortgage Basics Interest Rates

Tips to Avoid Identity Theft

Tips to Avoid Identity Theft

Your credit score is an important part of getting a mortgage, your Utah mortgage will want to see your history of using and repaying credit to assess your viability as a borrower beforehand. Some extremely unfortunate souls have run into a worrisome issue

Jan 28, 2019 | Credit