I foresee 40 year mortgages coming soon

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Jun 29, 2022
9:13:30am

cougarfann888 All-American

I foresee 40 year mortgages coming soon

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cougarfann888

Bio page: cougarfann888
Joined: Oct 10, 2010
Last login: Apr 26, 2024
Total posts: 27,492 (83 FO)

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Messages

Author

Time

Neighbors in North Utah County said a few months ago that they had a realtor

Chefcurry

6/29/22 8:57am

The people who sold and decided to rent a few months ago when they read this

downtownchrisbrown

6/29/22 8:59am

To be fair, buying in at a higher rate might hurt.

papencoug

6/29/22 9:05am

While that may be true the cash they earned, if they put it towards a

downtownchrisbrown

6/29/22 9:07am

“Maybe it will level off, but it won’t go down”

Iman23

6/29/22 9:01am

LOL.. they were pretty confident and laughed at anyone suggesting otherwise.

byukarl

6/29/22 9:02am

Same thingswere said in 08…. ‘Utah is different’ ‘this won’t affect our market

kotacoug

6/29/22 9:32am

Bunch of homes in PG and Cedar Hills are all listed over million on Zillow

byukarl

6/29/22 9:02am

I foresee 40 year mortgages coming soon

cougarfann888

6/29/22 9:13am

Was he lying in order to get the listing?

fredetteaboutit13

6/29/22 9:03am

No, he was accurate in his thoughts on listing the first time around. Our

Chefcurry

6/29/22 9:48am

That’s a common realtor tactic. Over promise to get the listing

cougarfann888

6/29/22 9:12am

That's not true in northern Utah County

6/29/22 9:51am

I will say this, the market for anything over 800k has slowed drastically. Anything under 750 or so is still very hot.

RoaroftheCougartails

6/29/22 9:14am

Not South Utah County in my area. Home sales over $600K has stalled. Nothing is moving.

6/29/22 9:23am

Honestly further south than provo isn't where I do a lot of work but on average about 45 homes/month for the last little

RoaroftheCougartails

6/29/22 9:32am

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