Utah Mortgage Professionals

Utah Mortgage Professionals We offer some of the lowest mortage rates & fees in the country. Our team is dedicated to finding a solution to all of your mortgage needs.

As an active duty or retired military service member, you're entitled to exclusive mortgage benefits. Call us today to l...
06/02/2023

As an active duty or retired military service member, you're entitled to exclusive mortgage benefits. Call us today to learn more.

Lower interest rates, faster closings and no down payment for most veterans. Call or PM us today for more details!
05/31/2023

Lower interest rates, faster closings and no down payment for most veterans. Call or PM us today for more details!

Big home or small home, we would love to provide the loan for your next new construction project. Reach out now for the ...
03/28/2023

Big home or small home, we would love to provide the loan for your next new construction project. Reach out now for the fastest and easiest way to get started.

Buying a home doesn't take as long as you think. Working with a mortgage broker like me can help you get to the closing ...
03/28/2023

Buying a home doesn't take as long as you think. Working with a mortgage broker like me can help you get to the closing table in less than 18 days! Call me when you're ready!

You can go through the mortgage application process quickly and easily with our technology! Keep track of the status of ...
03/01/2023

You can go through the mortgage application process quickly and easily with our technology! Keep track of the status of your loan all in the palm of your hand using our mortgage app. Call us today to get started!

Mortgage rates have not been reduced to 0%!🏡🏠🏘🏠🏡🏘I’ve already received more calls, texts & emails than I can handle in t...
03/16/2020

Mortgage rates have not been reduced to 0%!
🏡🏠🏘🏠🏡🏘
I’ve already received more calls, texts & emails than I can handle in the past few hours. Yes, the fed cut the “fed funds rate” to 0-0.25%. No, mortgage interest rates will not fall to zero and I don’t believe they ever will. Here is a breakdown to help you better understand.

To put it simply, this is the rate at which depository institutions lend reserve balances to other depository institutions overnight, uncollateralized. This will affect the rates of HELOC’s, business loans, auto loans & credit cards but does nothing directly related to mortgage rates. Mortgage rates are not driven by the Fed but are driven by the Mortgage Backed Securities market.

The bigger items that may affect mortgage rates for the better, that most are not talking about, is the fact that the Fed announced, as part of its stimulus plan, that it would be buying $200 billion in Mortgage-backed Bonds (Mortgage Backed Securities) and an additional $500 billion of Treasury’s. On top of that they are eliminating the reserve requirements for banks which could free up trillions of dollars in liquidity for banks to lend. This is a piece that has been driving up rates over the past week or two, when everyone thought they should be lower.

With all this said, I believe rates have the potential to come down. I can’t say if this will be tomorrow, next week or next month. There are too many other factors with the COVID-19 virus & other market factors that are playing out at a rapid pace and are unpredictable.

If you are currently in the market to purchase a home or refinance, stay in close contact with your mortgage professional. I would get your loan application started ASAP, so you are best prepared to take advantage if/when rates do drop! This could unfold fast (for better or worse), as we saw over the last 2 weeks, and you could see swings of around 1% in interest rates in a matter of days! Just 2-3 weeks ago, I was locking loans at the lowest rates I have ever locked in my 20 years in this business. So, at this point it is anybody’s guess if rates will go back down to the rates we were seeing just a short time ago, but this should help lower rates from where they are currently right now. If you can get a lower rate than what you currently have, I would highly suggest you lock in what you can if it makes financial sense. Rates tend to go up a lot faster than they come down. If you locked in at the last dip, consider yourself lucky, as I don’t anticipate much of a change for you.

Timing- With the potential of businesses and government shutdowns or being short staffed because of quarantines, it would not surprise me to see loans taking 30-60 days. Of course, purchases would be prioritized! Lenders all across the country are already operating at max capacity before the potential sickness and quarantines. We at United First Mortgage are well set up to be able to work from anywhere, but slowdowns are a real possibility.

Feel free to reach out to me by DM, email of phone if you have any mortgage related questions at [email protected] or 801-949-5193. I will be happy to answer any questions I can. Thank you for reaching out & Happy Sunday!

Brandon Brady
United First Mortgage
Mortgage Advisor
NMLS #279376

We had the privilege to be a part of donating this beautiful tree in memory of our co-worker and friend Ricardo Sanchez!...
12/04/2019

We had the privilege to be a part of donating this beautiful tree in memory of our co-worker and friend Ricardo Sanchez! So many crazy stories happened during the making of this tree and I know he was alongside everyone involved. Jodi, you did such an amazing job with picking out and decorating this tree and we can’t thank you enough. Rick, you are truly missed, but never forgotten!

We have conventional options that allow you to move in with just 3% down. Call to apply and purchase your dream home tod...
10/24/2019

We have conventional options that allow you to move in with just 3% down. Call to apply and purchase your dream home today!

We close them in 30 days or less! Give us a call and let’s get you into your dream home.
10/23/2019

We close them in 30 days or less! Give us a call and let’s get you into your dream home.

Thank you to all who have served, are serving and will serve in our arm forces!!! May we never forget those who have mad...
05/28/2019

Thank you to all who have served, are serving and will serve in our arm forces!!! May we never forget those who have made the ultimate sacrifice for us and the freedoms we have because of their selfless acts!

From our mortgage family to yours, wishing you all a Merry Christmas!!!
12/26/2018

From our mortgage family to yours, wishing you all a Merry Christmas!!!

Address

7351 South Union Park Avenue, Ste 225
Midvale, UT
84047

Opening Hours

Monday 8am - 8pm
Tuesday 8am - 8pm
Wednesday 8am - 8pm
Thursday 8am - 8pm
Friday 8am - 8pm

Telephone

+18019495193

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