Well, the mortgage interest news is the same as it’s been every week for the last few months. Interest rates are down, again. According to the latest Primary Mortgage Market Survey the averaged 30 year fixed mortgage rate dropped .06% to just 4.34%. The 15 year fixed mortgage hit a new low with an average [...]
All articles in category: "Forecasts,Future Predictions,Interest Rates"
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Mortgage Rates Down, Again – But When Are They Going Up?
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Mortgage Rates Down, Again – 15 Year Fixed Mortgages in the 3′s
The Trend continues. Mortgage rates dropped again. Home loans in the 3%’s are completely possible for 15 year fixed and 5 years ARMS. Unreal. How long it will continue? These interest rates, along with an oversupply of inventory are making Utah Homes very inexpensive. Who knows. I’m just going to predict that rates will stay [...]
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Mortgage Interest Rates at Record Lows, Again
Okay, so Mortgage Interest Rates are at a NEW record low. This is happening so often, it’s barely even news any more. The fact is that housing interest rates are so unbelievably low it’s almost unreal. Even though Utah home prices will likely drop a little bit more over the next year, from an affordability [...]
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Mortgage Rates Go Down Again. Oh So Cheap
Beleive it or not, but mortgage rates are down again. Five year ARMS average less than 4% interest. How much longer this mortgage rate decline will go, nobody knows. Home-mortgage rates fell this week along with bond yields, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 4.72 percent, down from 4.79 percent a week [...]
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Mortgage Rates at a 46 Year Low Today
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 [...]
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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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Utah Real Estate Blog- August Home Sales in Weber County Utah Better Than JulyHome sales during August in Weber County Utah were slightly improved compared with July, and were just marginally down compared with August of 2009. Reported thus far, 192 Weber County Real Estate listings sold last month, an improvement of 6.25% from last months dismal numbers, but down 14% compared with August of last year. The second straight slow month o […]
- Logan Utah Real Estate Market Conditions: Cache County August Home Sales Numbers ImprovedThe good news is that home sales numbers for Cache County Utah during August were substantially improved compared with last month. The bad news is that although the 68 homes sold is an improvement, it is still down nearly 40% compared with last August of last year. This graph shows the comparison of home sales numbers during 2010, compared with the average m […]
- 20% of Utah Homes are Underwater. Utah Ranks 10th NationallyTop 10 states with highest share of negative equity mortgages 1. Nevada Homes (68 percent of 592,000 mortgages) 2. Arizona Homes (50 percent of 1.3 million mortgages) 3. Florida Homes (46 percent of 4.5 million mortgages) 4. Michigan Homes (38 percent of 1.4 million mortgages) 5. California Homes (33 percent of 6.9 million mortgages) 6. Georgia Homes (28 pe […]
- August Home Sales in Weber County Utah Better Than July