FAST PACE MORTGAGE RATE HIKE… SURPRISE FOR ST. GEORGE BUYERS???

Renae Stucki Realtor gathered this information from Mortgage News Daily.  We’re surprised to learn mortgage rates shot higher today at the fastest pace of the year right after the Fed forecast suggested the Fed Funds Rate might be rising sooner and by more than expected.  Although the rate isn’t directly tied to the mortgage rate,…

ARE FIRST TIME HOME BUYERS BEING PRICED OUT OF THE SOUTHERN UTAH MARKET???

Renae Stucki Realtor found an interesting article on Bloomberg’s website claiming that first time home buyers only accounted for 26% of home sales in January 2014.  The site speculates this is because of declining affordability and tight lending practices by banks.  This perfect storm of adverse lending conditions is pricing many hopeful home buyers out…