It seems that everybody is looking through those rose-colored glasses we were talking about yesterday. The S&P closed at another all-time high of 1911, and MBS crept to a new…
jeremyMay 28, 2014
Multi Family Properties with Zero Down
I do a LOT of Utah Housing loans, so i was pretty excited to see the announcement this morning that…
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Every report out today is positive and cause for a bright outlook. The Case Shiller Index shows that home prices rose 12.4% from March 2103 through March 2014. Consumer Confidence…
jeremyMay 27, 2014
Existing Home Sales are up marginally for the April reporting period from 4.59M to 4.65M annualized units sold. These are an increasingly number of bonafide buy/sells and not distressed properties. …
jeremyMay 22, 2014
Zillow reports that negative equity declined 18.8% during the first quarter of this year. That's more people that can now sell the home they have had since 2007 to purchase…
jeremyMay 21, 2014
After popping up above the record 1900 threshold a week ago, the S&P has been down as much at 2% but is now gaining momentum. That is cause for concern…
jeremyMay 19, 2014
Thank you for voting my company the Best Mortgage Company in Utah Valley this year. I am fortunate to have the best clients in the State and really love helping…
jeremyMay 16, 2014
Freddie Mac has started allowing a one year income waiver again, meaning that certain well qualified borrowers can get away with only showing the previous year's tax returns instead of…
jeremyMay 14, 2014
Case Shiller confirms that home prices across the country rose 11.3% in 2013 and anticipates that number to shrink in half for the 2014 year (don't shoot the messenger). Speaking of…
jeremyMay 13, 2014
This week Fed Chair Janet Yellen did not surprise anyone as she pointed out the disappointing readings on housing activity and its potential risk to the Fed's baseline economic outlook.…
jeremyMay 9, 2014
First Quarter Productivity declined by 1.7%, while the Unit Labor Cost rose 4.2%. So it's getting more expensive to receive fewer results...sounds like the government... Speaking of the government, in…
jeremyMay 7, 2014
The Bureau of Labor Statistics reports this morning that there were 288,000 new jobs created last month in the United States, the largest gain since January 2012. This drops the unemployment rate…
jeremyMay 2, 2014
It's Fed day. Their monetary policy statement will be read in two hour's time. It will be interesting to see if they address the GDP report released this morning at…
jeremyApril 30, 2014
The Commerce Department reports that the home ownership rate in the US is currently at an 18 year low of 65%. Since 2008 there have been almost 5 million homes…
jeremyApril 29, 2014