Just when we thought home mortgages couldn’t get any less expensive, they have. Check out the latest report from the Inman News: Mortgage rates hit record lows for a second week in a row as investors — including banks — continue to see mortgage-backed securities that fund most mortgage loans as a hedge against economic [...]
All articles in category: "Interest Rates"
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Mortgage Rates… Even Cheaper.
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April Mortgage Updates
The Utah Real Estate market really seems to be doing well, and mortgage interest rates are still at all time lows. Here’s the latest from the monthly Primary Mortgage Market Survey. 30-year fixed-rate mortgage FRM averaged 3.88 percent with an average 0.7 point for the week ending April 26, 2012, down from last week when [...]
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March Round Up of Mortgage Rates
In Freddie Mac’s results of its Primary Mortgage Market Survey®, mortgage rates, fixed and adjustable, moved lower on weaker housing economic indicators as the average 30-year fixed-rate mortgage slid just below 4.00 percent for the week. 30-year fixed-rate mortgage FRM averaged 3.99 percent with an average 0.7 point for the week ending March 29, 2012, [...]
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New Low Mortgage Rates: 3.87% 30 Year Fixed
Just when we thought mortgage interest rates couldn’t get any lower, they did. It looks like the European debt crisis is having a positive effect on US mortgage rates. It’s interesting how that works. Here are the results from last weeks Freddie Mac Survey: 30 Year Fixed: 3.87% 15 Year Fixed: 3.14% 5/1 ARM: 2.8% [...]
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Mortgage Rates Hit Record Lows – Again
It’s hard to believe, but mortgage interest rates hit all time lows AGAIN. It makes me just want to buy again even though I just bought. Home financing is just so cheap right now. Here is the break down from the latest Freddie Mac survey: 30- Year Fixed Mortgages 3.89% 15 year Fixed Mortgages: 3.16% [...]
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New All Time Lows for Mortgage Interest Rates
HO HO HO. Merry Christmas from interest rate Santa. It’s time to get the best Christmas Gift, a new House. And why should you buy a new house at Christmas time? Because the all time low interest rates make it a major sale on houses everywhere. That’s right, mortgage interest rates are less expensive than [...]
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How Long Will Mortgage Rates Remain Low?
While the Federal Reserve has promised to keep rates “low” until 2013, it is clear to many experts that the current historical lows we are experiencing will not last. According to the latest projections from the National Association of Realtors® (NAR), interest rates should gradually rise out of historic lows as we move through 2012. [...]
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Rates on ARM loans set new lows | Inman News
Well looks like we did it again, new record low interest rates. Now it’s not for 30 year fixed mortgages, but ARMS can be pretty excellent home loans if you’re not planning on living in the same place forever. Here is an excerpt from Inman News: Adjustable-rate mortgage loans hit new lows this week and [...]
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Mortgage Interest Rates Lowest on Record
In Freddie Mac’s results of its Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 4.01 percent with an average 0.7 point for the week ending September 29, 2011, down from last week when it averaged 4.09 percent. Last year at this time, the 30-year FRM averaged 4.32 percent. 15-year FRM this week averaged 3.28 [...]
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Mortgage rates break records again | Inman News
Would you believe it, Mortgage rates are even lower. Buying real estate in Utah is SOOO affordable if you can do it right now. Here’s the latest Inman report from the Primary Mortgage Market Survey: Mortgage giant Freddie Mac reports that mortgage rates set new record lows this week, as concerns over the European debt [...]
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Mortgages Explained- Utah Real Estate Blog
- Home Prices are UP in UtahReport: Utah home prices up There's more evidence Utah's real estate market is turning around. Utah home prices were up 2.3 percent in March compared to March 2011, according to research company CoreLogic. Compared to other states, Utah had the 14th highest appreciation. The picture looked even better when distressed properties were excluded. When […]
- Logan Utah Real Estate Market Conditions: Home Sales Down in AprilApril home sales for Cache County Utah are not quite as good as they were during March. Compared with April of a year ago, home sales improved 7%. 71 homes sold during April compared with 66 in April of 2011. The number of homes for sale has also risen, but this is typical for spring. Their are currently 681 residential homes for sale in Cache County. This i […]
- The Future Is Looking Bright For Utah Real EstateYesterday, the division of real estate came and spoke to Realtors, Mortgage Lenders, and Appraisers in Cache Valley. They gave us an update of the Utah Real Estate market as well as the Utah Economy as a whole. In general, they had very many positive things to say, among them: Utah was ranked the number #1 state for business and careers. #1 for Economic Dyna […]
- Home Prices are UP in Utah