"Hut One, Hut Two... HIKE!" It was all about the Fed this past week. On Wednesday, they "hiked" the Fed Funds Rate by 25 basis points (0.25 percent). That rate affects short-term loans like auto and credit cards - what it doesn&
Dec 22, 2018 | Mortgage News
When interest rates increase borrowing money becomes more expensive for all sorts of things, including homes. Although this makes it more expensive to buy big-ticket items, it’s not all bad. As interest rates rise, the interest rates on the money th
Dec 20, 2018 | Refinancing a Home Home Equity Loans Reverse Mortgage
All of us at Advanced Funding Home Mortgage Loans would like to wish you a Merry Christmas and a Happy New Year! We would like to thank you for making 2018 a great year and for the privilege of helping you purchase or refinance your home. We hope that 20
Dec 19, 2018 |
The National Association of REALTORS® (NAR) reports that Existing Home sales in November rose 1.9 percent from October to an annual rate of 5.32 million units versus the 5.20 million expected. Gains were seen in the Northeast, Midwest and South w
Dec 19, 2018 | Mortgage News
Interest rates on long-term U.S. mortgage loans fell to their lowest level in three months last week, according to data from Freddie Mac. During the week ended December 13, the average rate on a 30-year fixed-rate mortgage dropped to 4.63% with an average
Dec 18, 2018 | Mortgage News
The Federal Housing Administration announced that nearly every area of the U.S. will see 2019 FHA loan limits increase, including counties throughout Utah. The new loan limits will take effect for FHA case numbers assigned on or after Jan
Dec 16, 2018 | Mortgage News
