Mortgage Rates Going Higher

Rates opened the week of July 20th at a low rate of 4.875%, but quickly climbed again by Friday to 5.25%.  The change in outlook is a sign that investors believe that there will be a quick economic recovery.  The Leading Indicator which is a composite of several data points came in higher than expected, also suggesting that we may be turning a corner.  Read more at: Mortgagenewsdaily

Utah Housing Nearing the Bottom

Utah has been one of the harder hit states by the housing collapse falling 61 perfect since 2005. However, the new federal incentive programs for home buyers seem to be slowing down the negative slide from the past 4 years. It is too early to tell if the rebound will be sharp or slow and steady but the main bottleneck seems to remain bank financing for new projects. It all comes down to the money, people.

I just have one question, are people from Utah really Utahns?

From the Salt Lake Tribune