City Creek Mortgage News

Here at City Creek Mortgage, it is our mission to provide every one of our clients with “5 Star” Service. In order to continually improve our customer experience, we often take time to learn from other service industry experts. Most recently, the City Creek Team traveled to Park City to spend the weekend at the Stein Eriksen Lodge. Located in Deer Valley, the Stein Eriksen Lodge is one of the only 5 Star, 5 Diamond rated hotels in the country! We learned the history of this fine hotel, the challenges they have overcome and how every Stein Eriksen employee consistently provides extraordinary service to their guests. During breakfast with the CEO we collaborated on how we could revolutionize our industry and expand our vision of becoming the most trusted, respected and loved mortgagecompany in Utah. We had an amazing time and look forward to demonstrating what we learned the next time we have to privilege of serving your mortgage needs.

From the very beginning when City Creek mortgage was just a small fledging broker breaking into the world of the big banks, Mike saw mortgages differently. Developing and sustaining relationships that helped strengthen families,mortgages were just a part of the overall financial picture that empowered

a family to realize their dreams, Recently, City Creek and mortgage Mike received the prestigious honor of ranking in the Top 50 Originating Teams across the country, but the core philosophy-though now reaching a wider audience-remains the same.

We are often asked what sets City Creek apart from other mortgage companies. Our team is comprised of some of the most experienced and educated mortgage professionals in the industry. But beyond just our foundation of knowledge, we strive to truly connect with our clients and provide an exceptional

VIP experience that builds upon our endeavor to become the most trusted, respected and loved mortgage company. When others look to build a network, we seek to grow a family.

At City Creek, our clientele extends beyond just our remarkable mortgage customers. We partner with some of the most outstanding real estate agents and builders in the state and we are committed to building lasting relationships throughout our community. In that respect, City Creek Studios was

constructed from the ground up to support our agents and builders through cutting edge marketing that includes photography, graphic design and video production.

If you haven’t had the opportunity to visit our newly redesigned website, we invite you to take advantage of our FIND YOUR BEST RATE feature which allows you to customize and price your loan in the privacy of your own home. But if you’re more inclined for a good old-fashioned phone call,

our team is always up for a friendly conversation.

Help us grow the branches of our family tree, referral business has always been the essence of City Creek’s ongoing success and we’d love to help your friends or family with their next home purchase or refinance. If you know someone who is in the market, don’t keep us a secret!

We want to make sure that you never pay more for your mortgage than you have to, which is why we focus on NO-COST Refinances. This means that we can keep your balance the same, while lowering your interest rate without incurring any costs. This can be a great benefit to your monthly cash flow and long term financial goals. If you are wondering if now is the time to do a NO-COST refinance, we have made it very easy for you. You can call our office, visit us online at www., or our newest addition: a digital billboard at the Point of the Mountain, heading south, on I-15. We change this rate as the market adjusts to ensure you know exactly at what target point you should consider a NO-COST refinance.

We would love for you to tell your family and friends about our new billboard and NO-COST loans. Working with more people just like you makes us very happy!

One of the most significant decisions we at City Creek have made as a company was to bring on a coaching mentor to help elevate us to the next level. With her Power Zone Coaching, author and Life Coach Rene Johnson has been a tremendous factor in helping us grow into the largest and highest producing mortgage team in the state. Her expertise brought clarification and direction to our vision of being the most “Trusted, Respected and Loved” mortgagecompany in Utah and her continued guidance manages our path and growth in that direction. By challenging us each and every day, she has pushed us out of our comfort zones in a way we never thought possible and always holds us accountable for the commitment we share as a team towards our overall vision. Rene’ s new office is located in the new office space next to City Creek Studios, so she is always readily available to push us even further in our professional development!

Whether you hire a coach or seek out a trusted mentor, never underestimate the power of having a partner by your side empowering you and helping you achieve your goals. When someone believes in you and your vision and is there to constantly challenge and push you to new heights, you will likely accomplish far more than you would have on your own.

City Creek mortgage would like to thank EVERYONE that donated to our Warm Coats And Warm Hearts coat drive! We are excited to give warmth to those in need especially during this cold winter season.

We are collecting clean, gently used coats as part of the Warm Coats & Warm Hearts coat drive and we would love your help! Drop off your donations at City Creek mortgage and we will take care of the rest!

We are dedicated to helping families in need this holiday season but we need your help! We are collecting clean, gently used coats and jackets as part of the Warm Coats & Warm Hearts coat drive. This coat drive is dedicated to distributing reusable coats, free of charge, directly to local children and adults. If you have any coats you would like to donate, drop them off at City Creek mortgage and we will take care of the rest!

City Creek Mortgage’s EPIC Client Appreciation Pumpkin Picking Party is tonight!!!

We can’t wait to see you all for FREE pumpkins, family photos, hot chocolate & cider, doughnuts, treats and more! Make sure to bring your invitation found in your mailbox or email account. See you all soon!!!!!

The Federal Reserve recently announced that it intended to keep “interest rates” low through at least mid-2013. This unprecedented statement shocked the markets and helped drive mortgage rates down to match historic lows. As investors digested this information, many concluded the Fed is essentially stating that they believe our economic growth will remain stagnant for some time. Although the markets appreciated the transparency of the Fed’s statement and assurance that lending rates will remain low, it was a sharp contrast to prior predictions that our economy would be at a healthy growth rate by the end of 2011. The acknowledgement that our economic recovery has been “significantly slower” in the first half of 2011 than previously expected was more in line with what many on “Main Street” have been saying all along.

How Will this Decision Impact mortgage Rates?

There are two interest rates that are controlled by the Federal Reserve – the Fed Funds Rate (a lending rate at which banks with deposits at the Federal Reserve lend money to other banks overnight) and the Discount Rate (the interest rate that an eligible depository institution is charged to borrow short-term funds directly from a Federal Reserve Bank). Both of these are very different from mortgage rates. A mortgage rate can be in effect for 30 years while a rate set by the Fed can change from one day to another. Therefore, this recent statement by the Fed does not guarantee thatmortgage rates will stay in current ranges until mid-2013, only that it is likely short term rates will remain at current levels for the next two years (home equity rates, car loan rates, credit card rates, etc.).

One of the greatest determining factors in the direction of mortgage interest rates is the rate of inflation. Being thatmortgage rates are set based on the price of a mortgage backed security (a bond sold to investors that is backed bymortgage notes), inflation is the arch enemy of any type of fixed income note or bond. Therefore, as inflation increases, mortgage rates will move higher regardless of how low short term interest rate are. In fact, if the Fed continues to hold short term interest rates low in the face of inflation, mortgage rates will increase further. A failure to increase short term rates in an inflationary environment will be viewed as a lack of effort by the Fed to fend off inflation, and long term rates will be the victim.

What Action Should Each Homeowner Take?

One primary benefit of the current low interest rate environment is the opportunity for homeowners to reduce the interest rate they pay on their mortgage. If you have a mortgage, or any other consumer debts, now is the time to have your mortgage reviewed by a professional who can advise you on the opportunities and determine if you should make a change to your home loan. If it is a wise decision, be mindful of the expenses to do the loan and the amount that most lenders add to your principal balance to Refinance your mortgage. Any time a no-fee loan is available, that is likely the best solution to consider. Most of the loans we structure do not have any closing costs paid by the borrower and do not increase the principal balance of the mortgage. Our goal is to have homeowners reduce their mortgageliabilities, not add more to their balance. If you have any questions, or if you would like a no-cost mortgage review, call me at 801-501-7950 or e-mail me at

For years our clients have been calling us when they need a trusted referral to a variety of industries. We have always considered this an honor and have recently decided to more formally make you aware of the professionals services that you have available through the City Creek Network. To view the full list of Professionals continue reading the article below. We know a professional in each of these industries that are very credible, ethical, and outstanding in their profession. If you’re looking for the services in a specific are that I’ve listed, please feel free to contact me. i will be glad to put you in touch with the people I know who provide these services. I am confident that you will receive the same level of service and care that you have grown to expect from City Creek Mortgage.

The City Creek Network of Professionals

  • Accountant
  • Animal Health/Vet
  • Appraiser
  • Architect
  • Art
  • Attorney
  • Automobile Sales
  • Automobile Body & Repair
  • Automobile Paint
  • Automobile Detailing
  • Banking
  • Builders
  • Business Coaching
  • Carpet Cleaning
  • Cell Phones
  • Commercial Lender
  • Commercial Real Estate
  • Computer Equipment
  • Computer Repair/Networking
  • Cosmetics
  • Dentist
  • Dermatologist
  • Disaster Cleanup
  • Dry Cleaners
  • Dry Wall
  • Electrician
  • Employee Benefits
  • Employee Staffing
  • Estate Planner
  • Event Planner
  • Facial
  • Fencing
  • Financial Planner
  • Florist
  • Graphic Design
  • Hair Stylist
  • Health Insurance
  • Heating/Air
  • Home Inspector
  • Home Security/Alarms
  • Home Insurance
  • Home Loans
  • Jewerly
  • Landscaping
  • Lawn Care
  • Massage Therapist
  • Mary Kay
  • Mechanic
  • Office Furniture
  • Office Machines
  • Office Supplies
  • Orthodontist
  • Pediatrician
  • Pedicure/Manicure
  • Pest Control
  • Photographer
  • Plumbing
  • Printing
  • Promotional Products
  • Property Management
  • Real Estate Agent
  • Remodeler
  • Signs
  • Specialty Running Shoes
  • Tailors
  • Title Company
  • Travel Agent
  • Weddings