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Show Page 12b The Enterprise Review, April 14, 1976 $PROFITABLE ADVERTISING is our business. You ought to make it yours. ft Fred Hinckley Advertising Production CLsTServices Continental Bank Bldg. Salt Lake City, Utah 84101 Telephone 41 1 364-211- 2 Residential HUD Slashes FHA Interest Rates; Predicts Resurgence in Condominiums Sales Report FHA regulations have been interest rate of 8.50 percent. demand for condos will rise amended to decrease the The maximum interest rate of continued from page Ten both absolutely and in relamaximum rate of interest to 12 percent per annum on tionship to other kinds of professional will use in the 8.50 on all FHA home mobile homes remains percent and loan insurance mortgage changed. un- programs. Secretary Hills announced the March 30 The NAHB Journal - Scope reduction, keeping it in line reports that although condowith the market. The multi-famil- y minium construction has been rate remained at 9 sluggish for several months, HUD predicts a significant percent. VA s interest was also growth in condos over the reduced to the maximum next few years. HUD said home ownership, noting that presentation of a home to a rising land prices, costs of potential buyer. Find out which rooms beneextending public services such as water and sewers, and fit from morning or late afterenergy considerations noon sun or summer breeze. Learn the one thing sellers suggest that building. densities will increase over time, like best about the house, especially in developments yard, location. Get your own aimed at the middle income ideas and opinions separate from your spouses. buyer. Open drapes in daytime, close at night. Turn on all the lights. Make small signs highlighting special features or new equipment such as water heaters, furnaces, etc. Spray with scented disinfectant, especially if someone smokes cigars. My favorite is to have the lady of the home bake a cake just prior to the appointment of a very qualified buyer. Have an open house-ov- er coffee, have a list of the neighbors, turn on FM for a soft background music. There are probably many more items that I have left out, many very important to the sale of a property. Add to your own list, ask your agent or others for an honest opinion of what should be done, then it it wont produce qiiracles, but it will return dollars to your pocket and reduce the time necessary for follow the sale of the property. If it doesnt, wont it be nice to live in a M odel Home. FNMA Mortgage Yields Continue to Decline Everybody's yot the deep plush carpets, the woodpaneling and the chandeliers. Yields declined once more as the Federal National Mortgage Association issued $88.0 million in four-mont- h commitments to purchase both We give you service. Fast, personal, mortgages. The corporation issued $56.2 million in commitments Working with us is a pleasant experience. Were experts in dealing with people as well as in making First Mortgage Loans, FHA, VA and Conventional. You and your buyers will enjoy dealing with us. We put the real in Realtor. We validate your parking. And we also have the deep plush carpets, the wood paneling and the - Come in. and conventionally financed home and at the most reasonable rates. chandeliers. government-backe- d on government-backe- d mort- gages at an average yield of 8.937 percent, which converts to an average price of 96.95 for 2 FHAVA mortgages. (The average in the previous auction was 9.032.) The range of accepted bids yesterday was 8.893 (97.25) to 9.000 (96.52). FNMA received 150 FHAVA bids totaling $106.2 million and accepted 122 bids, including 84 noncompetitive. In the conventional auction last Monday, FNMA issued $31.8 million in h commitments at an average yield of 9.049, down from 9.132 on March 22. The range of accepted bids was from 9.015 to 9.125. FNMA received 114 conventional bids totaling $56.4 million and accepted 80 bids, including 44 noncompetitive. The next auction will be 8-1- . Lets get acquainted. four-mont- Lombard Mortgage and Thrift Suite 500 Continental Bank Building First Mortgage Loans FHA, VA and Conventional Sal( Lake City,Utah 84101 Telephone (801)532-742- 4 April 19, 1976. |