Salt Lake City Mortgage Market
Wednesday, December 12th, 2007
The Federal Reserve just lowered short-term interest rates by a quarter percent. What does this mean for our Salt Lake City real estate market? Probably several things, and most of them good.
The Federal Reserve bank makes loans to loan companies, and when they reduce their rates, it makes it easier for other banks to get money and make loans. If you have been considering a real estate investment, now is a great time to get serious.
You may have heard that we have a ‘buyer’s market’ here in Salt Lake City, and to an extent that is true. And while there are plenty of reasons to buy, there are also good reasons to sell. The resent move by the feds will help on both sides of the deal.
If you are interested in learning more about how the recent changes affect mortgage loans and the Salt Lake City real estate market, please give me a call.
Craig Riley, Mortgage Loan Advisor, 801.272.0600
Or find me at our real estate website at: www.advfund.com