NO COST HOME LOAN 30 YEAR FIXED AT 4.00% / 4.067% APR 15 YEAR FIXED AT 3.375% / APR 3.501% CALL DANIEL PARIS 801-6044949 http://www.utahlowrate.com/home.html

3.500% HOME LOAN 30 YEAR FIXED 3.554 % APR / 15 YEAR FIXED AT 2.875% / APR 2.909% CALL DANIEL PARIS 801-6044949 http://www.utahlowrate.com/home.html

31 States Represented In June's Improving Market Index

The number of U.S. housing markets showing "measurable and sustained growth" slipped by 20 in June, according to the National Association of Homebuilders.

The Improving Market Index is meant to identify housing markets in which economic growth is occurring as a whole -- not just in the real estate space.

By using three separate, independently-collected data series, each tied to local economic conditions, the Improving Market Index takes a broader view of the housing market than other housing market indicators -- the Case-Shiller Index, for example -- which are often singularly tied to housing contracts.

The Improving Market Index tracks three distinct data series :

1. From the Bureau of Labor Statistics : Employment statistics
2. From Freddie Mac : Home price growth
3. From the Census Bureau : Single-family housing growth

A given metropolitan area is categorized as "improving" by the National Association of Homebuilders if all three data series indicate growth at least six months after that area's most recent economic trough.

In other words, the Improving Market Index looks past head-fakes of recovery, instead in search of long-term, sustainable growth.

This is one reason why its list of included cities is so fluid. It's difficult for a metropolitan area to meet the Improving Market Index's inclusion requirements month-after-month in a post-recession economy.

The Improving Market Index dropped to 80 in June, says the home builder trade group.

The list includes 28 new entrants, with forty-eight markets removed as compared to May. 31 states are represented nationwide.

For home buyers in Utah , the Improving Markets Index is a non-actionable report but it does do a good job of highlighting the local nature of real estate. For example, Columbus, Indiana was added as an Improving Market in June. Yet, Indianapolis, Indiana -- located just 46 miles away -- was downgraded from the same list. 

Economies vary by locale.

The complete Improving Markets Index is available for download at the NAHB website. For a better gauge of what's happening on the local level in Sandy , though, talk to a local real estate agent.

3.500% HOME LOAN 30 YEAR FIXED 3.554 % APR / 15 YEAR FIXED AT 2.875% / APR 2.909% CALL DANIEL PARIS 801-6044949 http://www.utahlowrate.com/home.html

NO COST HOME LOAN 30 YEAR FIXED AT 4.00% / 4.067% APR 15 YEAR FIXED AT 3.375% / APR 3.501% CALL DANIEL PARIS 801-6044949 http://www.utahlowrate.com/home.html

Before Moving, Check Your New Cost Of Living Estimates

With home values slow to rise and mortgage rates at all-time lows, there's never been a more affordable time to own a home.

However, there is more to the cost of living than just a mortgage payment. There's the cost of groceries, gasoline and routine medical care, too.

Not surprisingly, where we live affects our costs.

Big cities are often more expensive in which to live, for example, and local tax laws influence daily costs, too. 

For home buyers moving across state borders, therefore -- or even for those moving long distances intra-state -- it's important to know the relative costs in your new hometown as compared to your current one. Your household cash flow depends on it. You can't know your budget for a home if you don't know what life in a new town will cost you.

Enter Bankrate.com's Cost of Living Comparison Calculator.

In comparing the costs of 60 mundane, everyday items, the Cost of Living Comparison calculator can show you how common costs in your current home town compare to costs in your soon-to-be new home town.

The calculator asks for just three inputs -- (1) In what city do you live now, (2) To what city are you moving, and (3) What is your current salary -- then uses that information to produce a detailed cost comparison.

Some of the Cost of Living items compared include :

• Ground beef costs
• Veterinary services costs
• Dozen egg costs
• Doctor visit costs
• Hair care costs

The calculator also includes local mortgage rate differences to help plan for housing, and accounts for median home prices, too.

The online Cost of Living calculator is based on data from the ACCRA. On the ACCRA website, a similar cost comparison report sells for $5. At Bankrate.com, you can get the data for free.

Mortgage Payments Fall To All-Time Lows

It's a money-saving time to be a Draper home buyer. Historically, mortgage rates of all types -- conventional, FHA, VA and USDA -- have never been lower and low mortgage rates make for low monthly payments. 

According to Freddie Mac's weekly mortgage rate survey, the average 30-year fixed rate mortgage fell to 3.67% nationwide last week for borrowers willing to pay 0.7 discount points at closing, plus a full set of closing costs. 0.7 discount points is a one-time closing cost equal to 0.7 percent of your loan size, or $700 per $100,000 borrowed.

Today's mortgage rates are a bargain as compared to just 1 year ago.

In early-June 2011, the average 30-year fixed rate mortgage nationwide was higher by 88 basis points, or 0.88%. If you are among the many U.S. homeowners who bought or refinanced a home around that time, refinancing to today's mortgage rates could save you 10% or more on your payment.  

Home buyers have measurably more buying power, too.

Here is how mortgage payments on a typical 30-year fixed rate mortgage have changed in 12 months :

• June 2011 : $509.66 principal + interest per $100,000 borrowed
• June 2012 : $458.59 principal + interest per $100,000 borrowed

Setting the math to a real-life example, a homeowner whose $350,000, 30-year fixed rate mortgage dates to last June would recognize monthly savings of at least $179 per month just by refinancing into a new 30-year fixed rate mortgage at today's current levels. That's more than $2,145 in payment savings per year.

Even after accounting for the required loan discount points and closing costs, the "break-even point" on a refinance like that can come quickly.

Mortgage rates have been dropping but there's no promise they'll fall forever. Once rates reverse higher, they're expected to rise sharply. Therefore, if you're planning to buy a home or refinance one in Utah , consider locking in a mortgage rate while mortgage rates are low.

The market looks good for that today.