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 [...]
All articles in category: "Interest Rates"
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New All Time Lows for Mortgage Interest Rates
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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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Mortgage Interest Rates UP, But Still Awesome
Mortgage interest rates have risen slightly compared with last week, but 30 year fixed mortgages are still LESS than 5%! That is an incredible rate. 15 year fixed mortages can be obtained for almost 4%. Great time to Buy Homes in Utah. 30-year fixed-rate mortgage FRM averaged 4.86 percent with an average 0.7 point for [...]
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Mortgage Interest Rates Highest They’ve Been Since May
So my hopes that mortgage interest rates would remain at the all time record lows, in time for me to refinance in the new year ended. While interest rates are still incredibly low, they have continually gone up every week for the last month or so. Current interest rates are the highest they’ve been since [...]
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Mortgage Interest Rates Back Down
So we had a one week break where interest rates actually went up, but sure enough, it looks like they are back down to at or near record lows. Things are still looking good for me being able to refinance at a ridiculously low rate in January. Here’s the latest from the RealtyTimes: In Freddie [...]
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Mortgage Rates Down, Again – But When Are They Going Up?
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 [...]
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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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Mortgages Explained- Utah Real Estate Blog
- Cache County Real Estate Sales Start SlowlyAs I ran the monthly sales stats this morning I was shocked at just how low the monthly home sales were for Logan Real Estate during January. Over the last few months, things looked like the real estate market had really turned a corner. It looked as if the days of super low monthly home sales were behind us. Unless January was a statistical aberration, I wa […]
- Mortgage Interest Rates at NEW Record LowsIt’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% 5 Year ARM: 3.23 via utahrealestate4sale.com What a fantast […]
- Investing in Multi-Family HomesOne of the best ways to invest in real estate is by investing in Multi-Family Homes. These are residential properties with 1 to 4 units. Multi-family homes offer advantages over apartment buildings, and over single family homes. If you plan to own property with the goal of obtaining long term rental income, then the best way to get started is with multi-fami […]
- Cache County Real Estate Sales Start Slowly