The standard news for Mortage Interest Rates, they’re down again. Because they keep going down every week are people waiting to refinance until they drop further? Will we possibly see an increase in refinances the moment interest rates start going up? Probably not, but the good news for anybody who plans to buy a Utah home in the next little bit is that mortgage financing is at all time lows.
Rates on fixed-rate mortgages tracked by Freddie Mac hit new lows this week, with 30-year fixed-rate loans averaging 4.42 percent with an average of 0.7 point.That’s down from 4.44 percent last week and 5.12 percent at the same time a year ago, and is a new low in records dating to 1971.It was the ninth straight week that 30-year-fixed mortgage rates met or set a new record low in Freddie Mac’s Primary Mortgage Market Survey.
