Utah Real Estate & Mortgage Blog

I want to update all of our readers on the situation with FannieMae and FreddieMac. The federal government has taken over and is now in charge of mortgage giants and the 5 trillion in homes loans they are backing. This is the biggest attempt Washington has taken thus far to assist in the nation’s housing market problems.

What does this mean to you as a loan borrower? If you currently own your home and have a mortgage loan attached to your house, then you can rest a bit easier as the federal government will not allow these twin mortgage giants to continue to lose money. It would be way too disastrous to our economy. If you don’t have a home loan, then now is a good time to consider buying. The bailout will allow for the would-be homeowners to afford and obtain a mortgage. It will enable FannieMae and FreddieMac to continue to purchase mortgages from lenders, and inject much-needed cash into the system. All of this will most likely translate into lower mortgage rates as we have seen in the last 2 days.

Interest rates are currently lower than they have been in almost all of 2008.

For further information on this takeover, or to inquire about current rates, please don’t hesitate to contact me.

Cameron North
Real Estate Professional
801-553-9761

(Salt Lake City, Utah) July 25, 2008 — Zoomutah, Utah’s largest real estate directory has just announced an exclusive real estate partnership with KUTV and Four Points Media Group. KUTV is a local leader in TV broadcasting and online content. This partnership enables KUTV to expand its local MarketPlace initiative to include Utah real estate listings and industry news to its readership.

“We’re excited to be partnering with zoomUTAH.com – providing local updated real estate listings and information exclusively for KUTV.com users. We look forward to adding zoomUTAH’s resources, knowledge, experience and real estate savvy to both KUTV.com and our 2 News broadcasts as well. Not only were they among the first providers of local on-line real estate listings and content; they continue to be the leader in terms of the quality and comprehensiveness of the listings and information provided. It’s satisfying to be working with the best and to bring that excellence to our viewers – both on-line and on television.” says Dave Phillips, KUTV General Manager.

This partnership will allow zoomUTAH.com to broaden its reach to the local and national market.

“This is an exciting opportunity for us. KUTV is highly regarded in the local community and was looking for professionals in the industry to provide quality service and content. This partnership allows us to reach a much bigger audience to showcase not only our robust real estate website, but the professionals behind the scenes that are really the best in the business.” says Kristopher Bowen, zoomUTAH.com Co-Founder.

You can see the partnership first hand by visiting KUTV.com and clicking on Real Estate.

There is no cost to register or use the services of ZoomUTAH.com. For more information, visit http://www.zoomutah.com/ or http://www.kutv.com/