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

There has been a .75% swing in interest rates in the last 3-4 weeks.  30 year fixed rates were as high as 5.5%.  Fortunately we are seeing the rates come back down this week and look like they will be below 5% again soon.  I really think that there are so many people that are waiting to see if rates will get below 4%.  That just cannot happen.  Its kind of like gas getting below $150 per gallon.  It cannot ever stay there because that is cheaper than the cost to get the gas refined to the pump.  Banks cannot find investors to by the packaged Mortgage backed securities at a rate that low, the return is just to low on their money.

So please take a good look at whether now is a time to refinance for you.  Call me and lets look at the options.

Many of you may have a Freddie Mac or a Fannie Mae loan and the are specials loans that have been created by the "Hope for Homeowners Plan"  that can allow you to refinance even if you have zero equity right now. 

My goal is to get everyone a rate below 5% before they permanently go above 6%!!!  Call me Today!!!