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% [...]
All articles in category: "Interest Rates"
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New Low Mortgage Rates: 3.87% 30 Year Fixed
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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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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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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