I just got an email notifying me that FHA Mortgages are at their lowest point in 46 years! The par rate is 4.5%. That means if you pay more up front, you can get an even less expensive rate. BankRate.com has the par rate of some 30 year fixed conventional rates at 4.534%, 15 year [...]
All articles in category: "Interest Rates"
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Mortgage Rates at a 46 Year Low Today
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15 Year Fixed Mortgage Rates at Record Lows
Right now just might be the best time EVER to lock in a mortgage rate if you’re looking to buy Utah Real Estate. Interest rates overall are at near record lows, and interest rates for 15 year loans are at their Lowest Rate EVER. Here is the latest on the mortgage market from the Inman [...]
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Despite End of Fed Purchases, Mortgage Rates Still Low
There was a lot of talk about a spike in mortgage rates once the Federal Reserve stopped purchasing mortgage backed securities. Well, the purchases ended nearly a month ago, but mortgage interest rates are still really low. In fact, one of the quotes I got emailed me from a lender had rates still below 5% [...]
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Interest Rates in the Post Fed-Purchase World
Many experts believe that 30 year mortgage rates will rise quickly and dramatically once the Fed ends their policy of purchasing mortgage-backed-securities at the end of this month. However, as we get closer to the Fed’s exit there seems to be debate as to how much of an impact it will have.On one side of [...]
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Rates On The Rise? Homes For Sale In Logan Utah
CNN is reporting that as of April 1st, mortgage rates will most likely start to rise due to the fact that the government will stop buying up mortgage debt. Rates have stayed pretty low all year and it wasn’t uncommon to be quoted a rate below 5%. That may be going away soon, so now [...]
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Mortgage Rates Up Today From Fear of Utah Credit Rating
Mortgage Interest Rates shot up today due to fears of Credit Rating Agencies possibly downgrading the credit rating of the United States debt. This was already done with Portugal because of its excessive debt. It is also nearly the end of the month where the Fed’s purchasing of mortgaged-backed-securities, artificially keeping mortgage interest rates down [...]
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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