The Salt Lake Tribune UTAH LIVING Sunday, October 28, 2001 wv riding program for people with disabilities needs volunteers to lead horses, providesupport horses. Minimum age 12; flexible schedule. Fall Leaf Haul: Rake and bag leaves for senior schedule and location; leaf bags and T-shirts There are people in the community who need your help. They may be Sees Sie seater Salt Lake Visitors Bureau: finding their way around Salt graduation program for an agency that visitors areas. Knowledge of the Salt area and a desire to help needed as well as a pagfae tsb or by visitwww.volunteerinsaltlake.org. ar of the volunteer opportunities are accessible to people with disabilities. LifeCare: Individuals,familiesorgroups are needledtodeliverfoodboxes to theelderiyduring commitment to work a halfday on Saturdayor VSA Arts Gallery: Docents needed for galJery that focuses on promoting the power of art as an avenue of expression for people with disabilities. Heart and Soul: Piano tuners needed to help tune nursing home pianos. Performers also are Volos nested to help with clerical duties aee ‘Training is provided a background check. A I¢hour-per-week commitmentis needed. ~ Prevent Blindness Utah: Help provide eye testing for adults and children. Training Homesproveto be solid, time-tested i1 nvestment Will home prices hold? Will 1994 to 1999, when the stock that bubble burst as the stock market was humming along, Populati market “did? Investors have the down paymentfell to 20- were 8 million (undercounttaken serious hits in the stock 21.5 percentof the home pur- ed) people showing up unexmarket over the past couple of years. Over the would be available for the stock market. Since stocks have been fall- | houses. Median home prices for existing homes rose 6.4 percent in the second quarter of2001 from the same period a year ago according to the National -Association of Realtors. The Office of Fed- 2001, the average down payment was the highest in recent memory — 23.6 percent. This indicates more money is being allocated to housing investment. | ; ry Mae and Freddie Mac, which exclude homes priced more than $275,000 and FHA/VA loans, showed an even higher increase of8.6 percent. Until 1994, a down payment fora home purchase generally averaged 25 percent. From Demand for homes has been strong based on the strong economy and low mortgage rates. But the current supply of homes, as measured by the month’s supply ofinventory, is historically low for both new and existing homes. The supply from new construction is not as high as previously pectedly in the 2000 Census, meaning the current level of 1.6 million new homes is justified. There is nothing to suggest that demand will collapse, so short supply and high demand equals healthy Price appreciation. The only way for home prices to depreciate is if housing demand falls offcliff, which can only happen if the economy is in a deep and prolonged recession and mortgage rates go to about 10 percent. This is unlikely to happen. Despite recent terrorist events and the de of our government’s long-term responses, homeowners and those seeking a homecan be assured that a homeis a solid investmentthat will continue to appreciate, even when the stock market and other investments don’t. This also explains why the housing sector has been and will.continue to be the consistent bright spot in the national ‘economic picture. to help with kids café. Three hours per week of month commitment. a Salt Lake City’s Mortgage Rates 2 AmeraWest Mortgage oS Security West Montgege pl255-1177 30-yr. Fixed 6.500% 0.00 3% 6.579 15-yr. Fixed 6.000% 0.00 3% a 6.148 30-yr. VA 6.750% 0.00 0% 30 6.829 30-yr. Jumbo 6.875% 0.00 5% 30 6.935 5/1 ARM 6.000% 0.00 5% 30 6.000 No Origination Fees. Save $1000.00. W-yr. Fixed \S-yr. Fixed 3/1 ARM 6.250% 5.750% 5.000% 5re x 1.00 5% 15 6.375 15 5.875 15 5.250 30-yr.Jumbo No Fee 30-yr. 6.625% 7.000% 1.00 1.00 15 15 Evans Mortgage Signature Mortgage 801-485-2300 30-yr. Fixed 6.375% 1.00 3% 15 6.550 15-yr. Fixed 5.875% 1.00 3% 15 6.030 30-yr. Jumbo 6.750% 1.00 10% 15 6,900 30-yr.“no fee loan” 6.875% 0.00 5% 15 6.875 801-253-9988 30-yr. Fixed 6.250% 91.00 5% 30 6.380 15-yr. Fixed 5.750% 1.00 5% 30 5.860 Evans Mortgage 253-9988 National Future Mtg. 800-291-7900 6.375% 5.875% 5.750% 5.500% 0.00 0.00 3.00 1.75 5% 5% 5% 5% 30 30 30 30 6.562 6.063 6.216 5.739 Refi, Purchase, or Consolidate Now! Free Approval! Credit Problem Experts. Open seven daysa week. i] Check rates daily be the Internetat: ‘, www.athomeinutah.com Sega 5.750 7.125 GOD BLESS AMERICA! After hours and weekends call 801-554-5221. Toll-free 877-4852300 / 5% down available at above rates with Private Mtg. Ins. Toll Free 1-866-241-5157 30-yr. Fixed 15-yr. Fixed 30-yr. Fixed 15-yr. Fixed 5% 5% Call weekends and after hours. Submit your loan by phone. Lenders wishing to participate call 800-939-NFNS Utah Financial 30-yr. Fixed 6.250% 15-yr. Fixed 5.750% 3-yr. Jumbo 6.625% 30-yr.FHA 6.375% Lyr.ARM 4.375% 801-424-0444 0.63 5% 30 6.388 0.63 5% 30 5.976 050 5% 30 6.713 0.880 3% 30 6518 0.88 5% 30 4.5250 Local offices! Lowest rates! Salt Lake / Orem 426-5050. Information provi ‘The National Financial News Services. (ieneCisse amet $280,000 loan, Contact lenders for additional fes, services, and jalid of October 26, 2001. Rates subject ee init aa ee APR’ eo diana ad cj ce. Fors1Rtond nh ot gages, go to: wwwSaltlakeCity! wee Sismneie CHELSEA PARK YOUGANT AT $300 MOVES YOUIN WITHIN. WALKING DISTANCE TO NEW LIGHT RAIL Newly remod. witsoval. zs ae Beas SonalArfeasboat? low UnitesCourt CLOSE TO EVERYTHING! CedarPointe ‘Mon.-Fri. 9-6, Sat, 10-5 355-6666, 731 S 300 E 3349 South 1&2 Bdrm. Apts. Starting at $455 2.&3 Bdrm. 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