Linda Miller's (lindamiller) Blog

Mortgage and Lending - Supreme Lending - NMLS #39250
Today the President announced in his press conference that FHA is reducing fees for FHA streamline refinance loans. This is  an effort to help families with FHA loans refinance and save.  FHA is reducing both the up-front mortgage insurance premium and the monthly premium. Currently FHA charges a...
In Salt Lake County previously occupied homes sales rose in January to the highest pace in five years. This is similar to what is happening nationally and it is offering a hopeful sign that there will be a good spring buying season.  Check out the info from the Salt Lake Board of Realtors. Last m...
If you are thinking about buying a new home in Utah or refinancing your existing home loan, you are asking "Can I catch the the lowest possible rate and put more cash in my pocket."  Locking your interest rate at the bottom is very much like selling a stock at the highest price - almost impossibl...
In real estate, agents look at the absorption rate to determine how long it might take to sell all the homes currently on the market, without any new inventory coming on board.     There is a general rule that show whether it is a seller's or buyer's market. Below 6 months supply is considered a ...
The new and improved HARP program (Sometimes labeled HARP 2.0) will go into effect with most lenders on March 1st. That is when they will have all the underwriting guidelines re-programed into their system.  You can call me 801.550.1222 or go to my website for more in...
Today's Utah Mortgage Rates again are at all time lows!  This is as low as I have ever seen rates. Will they stay this low? I don't think so. In fact, some lenders have already indicated they are repricing upwards.  However, there will not be any big moves. Any upward pricing will be minimal. Tod...
  Copied from the Wall Street Journal, this article by Al Lewis, a columnist for the Dow Jones Newswire in Denver might be on to something. Here is the original article. Al's Magic 8-Ball Forecast by Al Lewis Time for my annual economic forecast, which readers may recall, is something I do with m...

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