Real Estate Market Conditions
As a Mortgage Loan Officer, my job is to stay on top of the Salt Lake County real estate market so that you don’t have to. I specifically monitor the Salt Lake County real estate market within 50 miles of Salt Lake County, including the greater Salt Lake City real estate marketplace.
Below are a couple of interesting items from a report recently released by the Mortgage Bankers Association. If you have any questions about how the report concerns the local Salt Lake County real estate marketplace, please give me a call. You can reach me in Salt Lake County by calling 801-918-9385.
My name is Brett Pehrson. I am a Mortgage Loan Officer with Advanced Funding Home Mortgage Loans, and I specialize in residential mortgages for purchasing or refinancing real estate. You can find me online at my real estate & mortgage website.
Here’s what the report had to say:
Mortgage applications in the U.S. rose last week by the most since January of 2007. Less expensive borrowing costs apparently encouraging more buyers to seek loans for home purchases and refinancing. I can help you find a great Salt Lake County real estate financing provider in the Salt Lake County real estate area.
The Mortgage Bankers Association’s index of applications to buy a home or refinance a loan jumped 8.1 percent to 656.5 from 607.1 the prior week. This is good news for buyers and sellers in the Salt Lake County real estate area because it indicates growing activity in the Salt Lake County real estate marketplace.
Furthermore, a gauge of demand for credit specifically for home purchases rose 7.4 percent, and the average rate on a 30-year fixed mortgage fell for the fourth consecutive week. If you are looking to buy or sell your home in the Salt Lake County real estate area, the timing may be just right. Give me a call at 801-918-9385 to review how this may effect your ability to sell your Salt Lake County real estate.
If you have questions about our local Salt Lake County real estate market conditions, please give me a call at 801-918-9385. I will be happy to review with you how reports like these compare to our local Salt Lake County real estate conditions, and what they mean for your opportunity to sell in the Salt Lake County real estate area.