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 [...]
All articles in category: "Interest Rates"
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Mortgage Rates Down, Again – 15 Year Fixed Mortgages in the 3′s
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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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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