Utah Home Deals

Fed Chair Warsh signals rate hikes may be needed with inflation still elevated Federal Reserve Chair Kevin Warsh said inflation remains too high and suggested current interest rates may not be restrictive enough to bring it back to the Fed’s 2% target. Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to ra...

RE Q&A: Should I Add My Daughter’s Name to My House Deed to Avoid Probate Costs? Adding an adult child to a home’s deed may avoid probate but can expose the property to creditors, limit the owner’s control and create tax and long-term care complications, a real estate attorney said. FORT LAUDERDALE, Fla. — Question: I am a widow in my 70s, and I want to make things easier ...

Solar Panels – Questions to Ask Before Contract Sellers should determine whether solar panels are owned, financed or leased and address payoff or transfer terms before entering a sales contract. ORLANDO, Fla. – If a seller has solar panels, they should research how it can impact their transaction before going under contract to set themselves up...

Mortgage preapproval isn’t the same as affordability Buyers should weigh debt, savings, taxes, insurance and other costs when deciding how much home they can comfortably afford. Mortgage approval does not always mean you can comfortably afford the house. The amount a lender says you can borrow and the amount you can comfortably spend on a home can be....

Mortgage rates ease again, but remain higher than this time last year Mortgage rates eased for the second straight week, with the average 30-year fixed rate slipping to 6.65%, though borrowing costs remain above year-ago levels. The average long-term U.S. mortgage rate eased for the second week in a row, but remains elevated compared with this time last year. The benc...

Stop Waiting for the Fed to Save Housing I keep hearing some version of the same conversation in housing. When the Fed finally gets rates down, buyers will come back. Mortgage rates will improve. Transactions will pick up. Maybe we can finally get this market moving again. I understand why people think that way. The Federal Reserve is impo...

Weekly mortgage rates ease again amid signs that borrowers are adjusting The 30-year, fixed-rate loan averaged 6.65% as of Thursday Key takeaways Weekly mortgage rates eased for a second straight week, with the 30-year fixed-rate mortgage averaging 6.65% and the 15-year loan at 5.95%, according to Freddie Mac. While weekly rates declined, daily mortgage rates rose Thursd...

New Bill Seeks to Establish Portable Mortgages A new bill that would enable homeowners to transfer their existing mortgage to a new home has been introduced in Congress. Rep. Tom Kean Jr. (R-NJ) has put forth the Making Ownership Viable for Everyone (MOVE) Act, which would allow homeowners to transfer their existing mortgage rate, term, and bala...

Working older adults reshape the downsizing market More Americans are working past 65, changing what some older buyers want in a home, from office space and strong internet to low-maintenance features. More Americans are working beyond traditional retirement age, and that's changing what some older buyers want when they move. About 12 million of the...

6 Considerations for Second-home Buyers An understanding of the landscape, climate, local support and even tech apps can help out-of-town buyers get the most from their vacation-home purchase. Vacation homes have accounted for roughly 5%–8% of all home sales purchases in recent years, according to the REALTORS® Confidence Index. If yo...