Utah Rates, Programs, Purchases or Refinaning by Utah's Mortgage Guy

There is much speculation about where home loan rates are heading.  right now the plan is for the federal goverment to spend 600 Billion yes Billion to buy mortgage Backed Securities which are the item that controls home loan rates in the United States for most loan products Fannie Mae and Freddie Mac offer.

This amounts to about 4 billion a day which is more than the average amount of bonds bought and sold daily.  this very well could keep rates in Utah low for the next 6 months.

But Beware if there is a bump in the market rates will rise faster than they have fallen.  Rates are at there lowest point in history so do not procrastinate!!!  Lets get your Purchase or refinance loans in process and get yo the home loan you have dreamed about today.