Fed bumps up rate banks pay for emergency loans – Yahoo! Finance.
So if all of you are watching the market, you all better pay attention to this. The Federal Reserve just announced this morning they are raising the bank rate .500%.
This is going to effect the market, combine this with the fed dicountinuing the purchasing of mortgage backed securities in the next 30 days, you can almost gaurentee consumer rates “Interest Rates” for mortgages to go up. All of you that are on the fence this is the part where we scream at you and tell you, in a couple months you will be upset when interest rates are a full point higher.. So good luck..
Let us know if you want any more info on the announcement. Also a reminder to you all. The tax credit for new home buyers expires on April 30th.. Time is against you..
Architect shares aquarium vision – Salt Lake Tribune.
We all remember the agressive plans of a few developers to build the Sandy Proscenium Condo towers. The big anchor for the project was the controversial Broadway Theater. It would have put Sandy on the map. Now we all were a little skeptical on the Condo priceing, but we were excited about possibility of putting Sandy on the map..
The same architect that was designing the Proscenium project, has now taken on the new development named “The Meridian” he is trying to have the main anchor of the development and new 120,000 Sq. Ft. Living Planet Aquarium.. This would in theory do the same thing on a different scale. Give Sandy City, UTAH another attraction of national aclaim? Will they pull if off? Can Sandy City, UTAH compete with Downtown Salt Lake City. Especially with the New City Creek Center coming online in the next 12-18 months.
I will be waiting anxiously to see what they get approved, and more importantly. To see where the pricing come in at for the residential condos. Especially with the condo market being destroyed like it has. It will be interesting to see high end condos sell in the Downtown Sandy City ,UTAH area…..
Hey everyone, this is a deal. So act fast, if you are looking for a great Real Estate Deal in Salt Lake City UTAH. Here it is.. I keep posting these great buys, and people are passing up on them. Act now, or you will miss out on a deal with low Intrest Rates..
Free Bank Foreclosure list in UTAH
Here are the best deals for the week. I went through all of the new Bank foreclosures this week, and narrowed it down to the best one’s.. Let me know if you want any more info.. If you want a free list of the newest foreclosures, click on the link above..
Interest Rate Update..What will happend to interest rates this year?
Brian Austin Green — Trouble on the Home Front | TMZ.com.
So I had to post this… Apparently Movie stars know a lot about Short Sales. This is a perfect example everyone, even the rich and famous are being effected by the downturn. I am pretty sure its probably because Brian Austin Green ran out of all the money he made on 90210 a long time ago.. I think he should just have his hot Girlfriend Megan Fox buy the house on a short Sale??
I guess the downturn in the Real Estate market has a lot farther reaching effect than we ever thought. Pretty soon, all of Hollywood Hills will be a short sale 
Fannie, Freddie to start buying back bad loans – Yahoo! News.
So more news on the Freddie and Fannie front.. How will this effect the market? They are going to buy back some of the mortgages they sold on the secondary market.
What does this mean? Well most likely more short Sales in Utah, and More Foreclosures in Utah..
Free Bank Foreclosure List Salt Lake City Utah
The other effect that is still yet to be determined will be on the Interest rate front. What will happend to Interest Rates? Many individuals argue over the reality of this issue. If you want more information on the outlook for interest rates in 2010 I would check out this article
Interest Rates in 2010
US Could Extend Bank Fee Beyond 10 Years – FOXBusiness.com.
The above article is just good information for those of you interested on how things are going to work out in the near future. We keep getting a lot of people asking questions about the incentives, tax credits etc.. Take a look at this website and let me know if you have any questions,
Home buyer tax credit
Everyone needs to hurry to take advantage of these special deals that our wonderful govt. has provided us with. You need to be under contract for your new home no later than April 30, 2010. The property needs to close before June 30,2010. So time is against us, act now and take advantage of your home buyer tax credit. Utah realestate is at a low for affordable housing, better take advantage of what you can while it lasts..
Also for those of you who are in the market, make sure you check out our free up to date list of bank foreclosures! We have a free list that will email you weekly updates..
Bank foreclosures in utah.
Let me know if you have any questions.
So in the spirit of unity, I thought we all would like another laugh.. I hope you all have another great weekend..
no-help-in-sight-more-homeowners-walk-away: Personal Finance News from Yahoo! Finance.
What to do when you owe more on your home than it is worth? This is a tough postition to be in.. However, there are options for you. The first thing you need to do is consult a professional. Their are many companies and individuals who will tell you what to do, but that is not always the best advice. Utah Real Estate is a localized market, different from the rest of the country.. The article above describes the dismal situation of those condo owners in Miami FL. This does not take into account the situation of the average condo owner in Downtown Salt Lake City, UTAH.
People talk about short selling your home in Utah. That is not always the best decision, every situation is different. Don’t let people talk you into anything until you have learned all of the facts. Especially the consequences of short selling your home…
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