Home Mortgage Market Update

 

The holidays are fast approaching and so is more vacation time for congress, well they are still haggling over what to do about the so called Fiscal Cliff all I can say is be prepared!

As we all know every good Boy Scout has a back-up plan when they head out, that is why I want to give all of you a little advise…if you’re still thinking of refinancing your home you really need to get going on it now and this is why.

With Washington dragging its feet all of the tax credits are going to expire and no budget cuts will be made, this is not going to be a good day for the Stock Market! And we all know it is also tied into Bonds!

My point is when the Market tanks, Bonds get BETTER! when they get better interest rates get better I’m thinking that this will be a very short window when the rate drops to be able to lock in a great rate!

So get in now so we can start prepping your loan package, so when the market sours you will be able to save a ton of money on your rate.

 

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This is not a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant¹s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over life of loan. Reduction in payments may reflect longer loan term. Terms of the loan may be subject to payment of points and fees by the applicant. Equal Housing Lender. Utah Mortgage Loan Corporation. Serving you in: Salt Lake City, Utah

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