Saturday, July 26th, 12pm

1984 Garfield Ave

Salt Lake City, UT

Darling Sugar House home located on a tree canopied street with lampposts. Updated kitchen with granite counters, cherry cabinetry, stainless steel appliances & tile backsplash. Great room addition boasts wall of windows, beamed ceilings, new hardwoods & french doors which lead to a covered patio. Master bedroom has double closets. Both bathrooms have been remodeled. Bright daylight basement with high ceilings, recessed lighting & big family room. 2 stone fireplaces. Large 2 car garage with ample storage above. Situated between Sugar House park, 15th & 15th, and 21st & 21st. Walk to all of your favorite restaurants & shops.

June Housing Numbers Hit Highest Level Since October

This past June, sales of previously owned U.S. homes rose for the third consecutive month, indicating that the housing marketing is continuing to gain momentum.

The most recent existing-home sales report from the National Association of Realtors (NAR) shows that this rise in sales has spurred activity to an eight-month high. In fact, sales increased 2.6 percent to a 5.04 million annual rate last month, led by encouraging increases across all four U.S. regions.

While market conditions are becoming more balanced, the report still points to a shortage of homes on the market, something we will be keeping an eye on over the coming months.

How Rates Move:

Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events. When MBS pricing goes up, mortgage rates or pricing generally goes down. When they fall, mortgage pricing goes up. Tracking these securities real-time is critical.

This Week's Rate Forecast: Neutral

According to Sigma Research, the rate markets are in a neutral state, with the market technical indicators pointing to neutral as well. However Sigma Research doesn't expect mortgage pricing to worsen or improve much from here, but to show volatility based on oversease geopolitical events.


  • Joy Cosby worked for several years as a loan processor and underwriter in the mortgage industry, which gives her a strong foundation in the monetary side of real estate. Now as a full-time Realtor® Joy puts her clients first. Her passion for real estate and bubbly personality make her pleasant to work with. She is knowledgeable, resourceful and has strong negotiation skills.
  • Joy works in residential real estate and sells single family, multi-family, condo, townhome and luxury properties. She serves the Salt Lake Valley including Herriman, West Jordan, South Jordan, the Avenues, Sugar House and Downtown Salt Lake. Joy is detail-oriented and organized, attentive and dependable.