Kalleen Foster's Real Estate Blog | Ogden UT | Roy UT | Homes for Sale, Buying a House, Selling a House, Real Estate Market

Inside Real Estate
Let Me Help You!
(801) 589-2220
Follow My Blog
RSS
kalleenfoster
Kalleen Foster
REALTOR®
    Years of Experience: 6

    Weber State University, BS, Business Management
    GRI-Graduate Realtor Institute
    SFR - Short Sale Foreclosure Resource

Direct: (801) 589-2220



Company Info

Coldwell Banker Residential Brokerage
2225 Washington Blvd #100
Ogden, UT 84401


Real Estate Tools

Schoolsschools

Communitiescommunities

Calculatorscalculators

Posts Tagged ‘low interest rates’

Interesting Mortgage Rates

Saturday, September 3rd, 2011

Interest Rates for Friday, September 2, 2011.  Mortgage rates have fallen again…see below.

30 yr fixed  4.21%             last week   4.28%

15 yr fixed  3.37%             last week   3.45%

5/1 ARM     2.97%             last week    3.11%

30 yr Refi   4.30%             last week    4.37%

15 yr Refi   3.50%              last week    3.57%

Please keep in mind these are general figures because credit scores, lenders, and geographical areas differ and the rates change daily. 

It is still a great time to buy a home in Ogden and the surrounding area.  Please contact me so I may help you use these historically low interest rates to purchase your first or your next home.

A Look at Mortgage Interest Rates

Tuesday, August 23rd, 2011

Interest Rates for Monday, August 22, 2011.  Mortgage rates have fallen the past couple of weeks and are predicted to perhaps go lower.

30 yr fixed  4.28%             last week   4.25%

15 yr fixed  3.45%             last week   3.44%

5/1 ARM     3.07%             last week    3.04%

30 yr Refi   4.37%             last week    4.35%

15 yr Refi   3.58%              last week    3.57%

Please keep in mind these are general figures because credit scores, lenders, and geographical areas differ and the rates change daily. 

It is still a great time to buy a home in Ogden and the surrounding area.  Please contact me so I may help you use these historically low interest rates to purchase your next home.

 

http://money.cnn.com/real_estate/

The Home Buying Process

Wednesday, August 17th, 2011

 

Yesterday was a great day…watching  new homeowners open the door to their new home for the first time!

They were qualified from their lender before they started looking, they knew what price range they could afford and they knew where they wanted to live.  They reviewed a list of homes to look at and picked out four.  They were searching for a home with a play area for their young children.

It all started on a memorable Saturday night in June.  My husband was the chaufeur and, of course, this home was the last one on the tour.  It was exciting because when we drove up, we all could “feel” the warmth and love radiating from this home.  Once inside and down the stairs, we saw the “funnest” and most adorable playroom ever.  One whole room was devoted to children with a ladder leading to a loft and a slide as an exit.  It was perfect!

The offer was written, accepted and closed without a problem.  Best of all, for me, was being a part of the process and being able to see smiling faces.  THANKS for letting me serve you!

PS~They were also able to take advantage of the very low interest rates and the inventory of affordable homes on  the market.

Great Time to Sell in Top of Utah

Monday, June 20th, 2011

Local Housing Market in the Top of Utah

Homes in Weber, Davis & Morgan counties have had declining prices and shrinking inventory.  This has been reported from the Northern Wasatch Association of Realtors comparing data for April 2011 & 2010.  The drop in prices is because of bank foreclosures and sellers who are increasingly motivated to engage in short sales and are willing to negotiate with buyers in the soft housing market.  The prices may be down, but these counties have fewer homes to choose from.  In Davis County, home sales were down 19.9 percent in April and inventory was down 32.7 percent in Morgan County. Homes were also on the market 38 percent longer in Davis County and 14.4 percent longer in Weber County in April.

The availability of a federal tax break makes Northern Utah a home buyer’s market.  For example, a home owner would pay taxes on $45,000 of income, if a homeowner makes $50,000 a year and pays $5,000 in mortgage interest. The national mortgage interest rate has been lowered to 5.11 percent on a 30-year fixed mortgage also is a great benefit to buyers. Also new home construction is starting progress now that the weather is getting better.

Snowbasin Opening for the Summer–Historic!!

Thursday, June 9th, 2011

 

Snowbasin Resort, in the mountains near Ogden, will be re-opening for weekend summer skiing beginning June 11. It is the first time the resort has opened in the summer!

Resort officials say above average snowpack and a 100-inch base will allow them to remain open as long as conditions allow. Skiers will be able to use the Needles Gondola to access multiple runs from 8 am to 2 pm. While the snowpack in the mountains of northern Utah has thrilled outdoor enthusiasts, it’s got officials worried about the potential for severe flooding once temperatures warm enough to melt it. 

Snowbasin is well known as the ultimate mountain luxury!  With diverse terrain for beginner ease to challenging expert runs, Snowbasin also offers three progressive terrain parks and 26km of groomed Nordic trails. With 3,000 skiable acres and 3,000 vertical feet, Snowbasin is best known for wide-open bowls, gladed runs, manicured groomers, powder stashes days after a storm, and rarely a lift line.

Snowbasin has world-class snowmaking and one of the most advanced lift systems in the West. Enjoy award-winning cuisine including mountaintop dining with spectacular views and magnificent day lodges.

Make the most of day on the mountain with more than 100 certified instructors, adaptive programs, state-licensed day care and children’s programs. And for more family fun, don’t miss the four-lane lift assisted tubing hill.

Snowbasin is just 35 miles north of Salt Lake City with easy access to the Park City Area.  Après ski in Downtown Ogden, just 17 miles away! How great it is to live in Ogden, Utah, where just miles away you can go snow skiing in the middle of summer!

PS–another reason to buy or sell a home in Ogden?   Great inventory to choose from and interest rates are low…which new home have you picked out?

Mortgage Interest Rates

Wednesday, April 20th, 2011

Interest Rates for Thursday, April 19, 2011.  It’s interesting because the rates change daily, but haven’t changed much in the last month.

30 yr fixed  4.78%             last week   4.87%

15 yr fixed  3.99%             last week   4.07%

5/1 ARM     3.30%             last week    3.48%

30 yr Refi   4.78%             last week    4.87%

15 yr Refi   3.99%              last week    4.08%

Please keep in mind these are general figures because credit scores, lenders, and geographical areas differ. 

It is still a great time to buy a home.  When will you contact me so I may help you use these historically low interest rates to purchase your next home in the Ogden area? Let’s get together soon!

FHA Monthly Mortgage Insurance Reminder

Tuesday, March 22nd, 2011

Sitting on the fence and wonderting if you should buy?

Next month on April 18, 2011, the monthly mortgage insurance factor for FHA 15 & 30-year mortgages will rise a quarter (.25) of a percentage point.  The current factor is .90 and will increase to 1.15. This means if you use FHA for your mortgage, you will be paying approximately $20.00 more a month per $100,000 in sale price and this could limit your buying power and chances of qualifying.  You must have a property and have an assigned FHA case number prior to this date.

This is great information to know when considering a FHA loan. Please feel free to contact me if you have any questions or concerns.

Interest Rates Have Inched Down Again

Friday, March 18th, 2011

Interest Rates for Thursday, March 17, 2011.  It’s interesting because the rates change daily. 

30 yr fixed  4.76%             last week   4.82%

15 yr fixed  4.00%             last week   4.08%

5/1 ARM     3.37%             last week    3.48%

30 yr Refi   4.77%             last week    4.83%

15 yr Refi   4.01%              last week    4.08%

Please keep in mind these are general figures because credit scores, lenders, and geographical areas differ. 

It is still a great time to buy a home.  When will you contact me so I may help you use these historically low interest rates to purchase your next home in the Ogden area?

http://money.cnn.com/real_estate/

Keeping You in the Know–Interest Rates

Wednesday, January 19th, 2011

Interest Rates for Tuesday, January 18, 2011.  It’s interesting because the rates change daily. 

30 yr fixed  4.77%             last week   4.75%

15 yr fixed  4.05%             last week   4.06%

5/1 ARM     3.44%             last week    3.49%

30 yr Refi   4.79%             last week    4.77%

15 yr Refi   4.07%             last week     4.07%

Please keep in mind these are general figures because credit scores, lenders, and geographical areas differ. 

Contact me for further information about using low interest rates to buy your next home.

http://money.cnn.com/real_estate/

New Jobs in Ogden Create an Atmosphere of Buying and Selling Homes

Thursday, January 13th, 2011

A retailer has decided Ogden is the place to relocate a customer care and distribution center.  Because of our work ethic to provide excellent customer service and the fact that it’s a beautiful place (nestled in the mountains along the  Wasatch front), Ogden will receive over 200 new jobs with a potential up to 800 in the next ten years.   This is good news! 

I have been saying all along that the Ogden area is a great place to live and employment is another strong factor.  What does this mean for you?  Home buying and home selling works–it works because of jobs.

Have you been timid about purchasing that new home for the first time?  Have you been timid about selling to move into your bigger home, condo, luxury home, or home up in the Valley? 

You can start to make those decisions with confidence.   Please contact me to help you price your home correctly to sell and help you find and negotiate that home you have been waiting for the last two years.   Interest rates are wonderfully low. 

Once again, employment news equals confidence in real estate sales.  Please take advantage now!

(www.standard.net, Friday, January 7, 2011)

- Copyright © 2010 Inside Real Estate, LLC

Inside Real Estate does not endorse the agents on this site, and does not guarantee the content submitted by the site's members. Blog and page entries, content, and other information contributed by agents that are members of the site are accountable to the particular agent. Inside Real Estate and Omnia Alliance LLC take no accountability for the content contributed by members to the site.