Pete Shafer - Loan Factory, Inc.

Pete Shafer - Loan Factory, Inc. Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Pete Shafer - Loan Factory, Inc., Loan service, 8483 W Hartwick Ct, Magna, UT.

12/05/2024

🏠 Utah's home prices are up, but so are sales! Median price at $553,100, a 1.6% rise. Yet, 12.5% more homes sold this October.

Pretty cool app I found that helps with budgeting and receiving rewards. A great tool to learn fiancial literacy on your...
11/14/2024

Pretty cool app I found that helps with budgeting and receiving rewards. A great tool to learn fiancial literacy on your way to purchasing a home:

11/11/2024

Have a lovely Veterans day today!

11/10/2024

Great show at the Salt Lake conference center last night.

11/06/2024

📈 The Federal Reserve's recent activities hint at a stabilizing but still elevated interest rate environment. Keep an eye on how this might affect your mortgage costs.

Go vote!
11/05/2024

Go vote!

Boo! It's the season for tricks and treats, but when it comes to your mortgage, let's keep it all treats! 🏠💸
10/29/2024

Boo! It's the season for tricks and treats, but when it comes to your mortgage, let's keep it all treats! 🏠💸

10/26/2024

Economic signals are mixed, but mortgage rates remain a steadfast concern for potential homeowners. 🏠💼 With jobless claims up and new home sales data incoming, where do you see the market heading? Let's chat!

Home sales in the US slowed to a 14-year low back in September, despite easing mortgage rates. Do you think this trend w...
10/23/2024

Home sales in the US slowed to a 14-year low back in September, despite easing mortgage rates. Do you think this trend will continue? What does this mean for buyers and sellers? 🏠📉

10/18/2024

I've gotten questions from people wondering why rates have gone up instead of down even with the interest rate deduction by the fed. Here is why:

- Treasury Yields Hold the Key: Mortgage rates are more closely tied to the yield on 10-year Treasury bonds than to the Fed's rates directly.

- Economic Expectations: When investors expect higher inflation or stronger economic growth, they demand higher yields on Treasuries, which in turn can push mortgage rates up.

- The Bond Market's Influence: Even with Fed rate cuts aiming to stimulate the economy, if the bond market anticipates future rate hikes or higher inflation, Treasury yields rise, affecting mortgage rates.

- Mortgage-Backed Securities (MBS): The value of MBS, which influence mortgage rates, also responds to Treasury yields. When yields go up, MBS values might drop, prompting lenders to adjust mortgage rates higher.

So, even when the Fed eases monetary policy, your mortgage rate might not follow suit due to broader economic factors influencing the bond market. Keep an eye on Treasury yields for a clearer picture of where mortgage rates might be headed!

This is interesting. Utah has the highest tax burden compared to the rest of our neighbors and only 1% lower than Califo...
10/17/2024

This is interesting. Utah has the highest tax burden compared to the rest of our neighbors and only 1% lower than California. I'm of the opinion that this is way too high. But what do you think?

Address

8483 W Hartwick Ct
Magna, UT
84044

Telephone

+18019870220

Website

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