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Show The Enterprise Review, October 27, 2976 Page 10b Top Ten Lenders Salt Lake-197- 6 August September 1. 2. 3. 4. 5. 6. American Savings 7. First Federal Savings Twelfth Federal Reserve District Loan Volume Prudential Federal Savings First Security Bank Valley Bank & Trust Western Mortgage Loan Zions First National 8. State Savings & Loan 9. Western Savings & Loan 10. First Security State Bank Large Commercial Banks ((Million) Week ending September 29, 1976 Zions First National Prudential Federal Savings First Security Bank Western Mortgage Loan First Federal Savings American Savings Western Savings & Loan Walker Bank & Trust Valley Bank & Trust United Savings & Loan According to figures compiled by Security Title company. Yields Decline in FNMA Mortgage Loans Auction yields declined as the Federal National Mortgage Association issued Construction Delayed by Breakdown Construction has been delayed for about five weeks on the addition of Salt Lake Citys numer 6 fire station, 948 West 800 South. Mike Upwall, of Upwall Construction Co., who contracted to build the $62,000 addition to the fire house, said his operation was delayed last k week when a machine used to cast prespan-cordec- fabricated concrete walls broke down. Utah Sand and Gravel Co., Salt Lake City, was contracted to build the walls for Upwall. Upwall said that because the breakdown of Utah Sand and Gravels machine ileal Estate Sales Surge After Slump Salt Lake area real estate sales rebounded for sold properties $7,323,021 compared to 138 properties that sold last week was beyond his control, the city has given him an extension of time allowed for construction. Because of the breakdown, no projected completion date has been set. Upwall said his company is under contract to finish 60 days after they go back to work. The 2880 square foot apparatus room, used for fire truck storage, will be built completely of p concrete, Upwall four-mont- h commitments to purchase and both government-backe- d conventionally financed home mortgages. FNMA issued $45.3 million in commitments on gover- mortgages at an average yield of 8.701, which converts to an average price of 95.07 for 8 FHA VA mortgages. (The average in the previous auction was 8.797.) The range of accepted bids yesterday was from 8.646 (95.45) to 8.787 (94.49). FNMA received 193 nment-backed bids totaling $111.2 million and accepted 150 bids, including 113 non- competitive. In the conventional auc- tion also held yesterday, FNMA issued $121.4 million h in commitments at an average yield of 9.021, down from 9.069 on October 4. The range of accepted bids was from 9.000 to 9.125. FNMA received 212 conventional bids totaling $143.7 million and accepted 189 bids, including 80 noncompetitive. The next auction will be November 1, 1976. four-mont- said. for $4,980,554. A total of 157 homes sold this week for an average Apartprice of $38,606. ments and duplex sales totaled $582,300 on sales of 14 units. The average multiple unit dwelling was $41,592. Ten commercial properties sold this week for $437,817, the average property price was $43,781. One farm sold for $76,500 and 16 vacant lots sold for $165,250. strongly this week after hitting the lowest sales figures since July last week. This week's total sales, amounting to over $7 million reflects the highest sales figures since the week ending September 24. Sales increased by 45.2 percent for the week as 198 $166.7 million in FHAVA MORTGAGE RATES FHA 8.5 Vi VA 8.5 Real Estate Sales Oct. 22 Sept. 3 Dollars, in Millions 8.5 8.0 7.5 7.0 6.5 6.0 5.5 5.0 11 4.5 Week of: Sepl. 3 Sepl. Sept. 10 Oct. 17 Sept. 24 Oct. IS 1 Oct. 8 Source: Salt Lake Board of Realtors Oct. 22 These rates were obtained by telephone conversation with the above institutions. The rates are correct to the best of our knowledge but their accuracy cannot be guaranteed. |