Fed MBS purchase program drawing to a close

Thu, Dec 17 - 3:17 PM ET
The Fed bought $16B in Mortgage Backed Securities (MBS) in the latest week bringing the total to $1.087T. There is $163B left to purchase until the end of the 1st quarter of 2010.

With approximately 14 weeks remaining in the Fed Bond purchasing program, no indication has been given that there will be an extension of the program. Without purchase of MBS by the Government, bond prices could begin to fall and mortgage rates could begin to increase.

I will watch this situation very closely and will make regular Blog Posts to update this important news. Call me with additional questions or if you would like to lock in a rate at these historically low rates for either purchase or refinance needs.

Ogden and Salt Lake were listed as No. 3 and No. 9 for foreclosure crisis recovery

Real Estate: Cities Recovering From The Foreclosure Crisis
By Francesca Levy, 12.10.09, 07:00 PM EST

In these metro areas, both modest incomes and stable real estate markets are improving the outlook for borrowers.

Ogden and Salt Lake were listed as No. 3 and No. 9 on Forbes's list of cities recovering from the foreclosure crisis.

For more information on the top 100 recovering cities go to: http://www.forbes.com/2009/12/10/recovering-cities-foreclosures-lifestyle-real-estate-housing-crisis-chart.html

(Thank you to Wendie Buttars for the information in this Blog Post. Wendie is a Realtor with the Franklin Group and can be contacted by e-mail at wendie.buttars@gmail.com and by phone at 801-710-7098 for more information on Real Estate in the Utah Market)

Josh and Carrie Bambrough Closing

Josh and Carrie Bambrough with kids Alexee, Winter, and Austin (out playing)
Loan closing March 2, 2009

Jared Steglich Loan Closing

Jared Steglich
Loan Closing March 1, 2009
Tyson Thornock, Equity Real Estate, 801-820-7772

Karen Wright Closing

Karen Wright
Loan Closing February 24, 2009

Cole and Amber Hancock Loan Closing

Cole and Amber Hancock
Closing February 27,2009
Donald Mendenhall Realtor, Equity Real Estate, 801-628-7743

Steve and Ann Stokes Closing

Steve and Ann Stokes
Loan Closing February 19, 2009

Jeff Burkhalter Closing

Jeff Burkhalter
Loan Closing March 1, 2009

Melody and Reid Sweatman Thank You

Having participated in several buys and refinances, we can say without any hesitation, that working with Marty and his team on our latest refi was the easiest, most advantageous, and enjoyable home owners’ experience we’ve ever encountered.

We cannot recommend Marty more highly. He kept us in the loop, found the best deal for us, and made closing a breeze.

Reid and Melody Sweatman
Loan Closing March 3, 2009

Dan and Mischelle Ansley Thank You

Thank you for working so quickly on getting our loan processed. You made everything go so smoothly, you kept us up to date on the entire process and we greatly appreciated that.

We have worked with you in the past and as always you did a great job. We will definitely recommend you to others. Thanks again,

Dan & Mischelle Ansley
Loan Closing February 10,2009