April 26, 2024
Mortgage

‘I got frustrated and gave up’: High mortgage rates keep some Utah homebuyers on the sidelines

SALT LAKE CITY — It’s a difficult time for Utah homebuyers as high mortgage rates are keeping some of them on the sidelines. Mortgage rates sat at nearly 7.4% nationally as of Wednesday afternoon, according to Mortgage News Daily. That’s a difference of hundreds of dollars in monthly payments on a typical Utah home compared

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Funds

Thousands of Utahns could potentially lose access to internet as funds for program set to expire

SALT LAKE CITY — Congress in 2021 passed a $1 trillion infrastructure package that included $14.2 billion in funding for the Affordable Connectivity Program which helped connect millions of Americans to high-speed internet. Now the program is at risk of losing funding after April unless it receives additional backing from Congress, according to a statement

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Funds

State disaster relief funds more accessible, with higher payouts under bill headed to governor | news

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Mortgage

2023 was slowest year for home sales in nearly 30 years as mortgage rates frustrated buyers

Estimated read time: 4-5 minutes LOS ANGELES — Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low, as sharply higher mortgage rates, rising prices and a persistently low level of homes on the market combined to push homeownership out of reach for many Americans. The National Association of Realtors said

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Crypto

Santa Monica Man in Cryptocurrency Case Sentenced to Four Months in Prison

LOS ANGELES (CNS) – A Santa Monica man who used his cryptocurrency cash exchange business to launder millions of dollars in criminal proceeds was sentenced Wednesday to four months behind bars. Charles Randol, 33, was also ordered to serve two years of supervised release after he is released from federal prison, according to the U.S.

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