As a real estate agent, my job is to stay on top of the Provo real estate market so that you don’t have to. I specifically monitor the Provo real estate market within 45 miles of Provo, including the greater Salt Lake City real estate marketplace.

Below are a couple of interesting items from a report recently released by the Mortgage Bankers Association. If you have any questions about how the report concerns the local Provo real estate marketplace, please give me a call. You can reach me in Provo by calling 801.938.3466.

My name is Chris Johnson. I am a real estate agent with Real Estate Marketing Agency, and I specialize in residential real estate. You can find me online at my real estate website.

Here’s what the report had to say:

Mortgage applications in the U.S. rose last week by the most since January of 2007. Less expensive borrowing costs apparently encouraging more buyers to seek loans for home purchases and refinancing. I can help you find a great Provo real estate financing provider in the Provo real estate area.

The Mortgage Bankers Association’s index of applications to buy a home or refinance a loan jumped 8.1 percent to 656.5 from 607.1 the prior week. This is good news for buyers and sellers in the Provo real estate area because it indicates growing activity in the Provo real estate marketplace.

Furthermore, a gauge of demand for credit specifically for home purchases rose 7.4 percent, and the average rate on a 30-year fixed mortgage fell for the fourth consecutive week. If you are looking to buy or sell your home in the Provo real estate area, the timing may be just right. Give me a call at 801.938.3466 to review how this may effect your ability to sell your Provo real estate.

If you have questions about our local Provo real estate market conditions, please give me a call at 801.938.3466. I will be happy to review with you how reports like these compare to our local Provo real estate conditions, and what they mean for your opportunity to sell in the Provo real estate area.

¬óChris Johnson, real estate agent

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