Here is an interesting graph from the New York times that shows the relationship between mortgage interest rates, and US home prices. It would make sense that when interest rates are very low, home prices would rise because housing is more affordable. And when interest rates are high, home prices would fall. But there are [...]
All articles in category: "Interest Rates"
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Mortgage Rates and Home Prices – NYTimes.com
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New Mortgage Rate News – Interest Rates Up
It looks like it finally happened. Mortgage interest rates actually stopped declining. There is no new record low this week. It appears as if last week was the time to buy or refinance for anyone wanting the best interest rate ever. Now, interest rates aren’t bad, they are still just about record lows, and are [...]
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Mortgage Interest Rates Go Down, Again
The standard news for Mortage Interest Rates, they’re down again. Because they keep going down every week are people waiting to refinance until they drop further? Will we possibly see an increase in refinances the moment interest rates start going up? Probably not, but the good news for anybody who plans to buy a Utah [...]
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Mortgage Rates Fall, Extend Record Lows – WSJ.com
No Big Surprise, But Mortgage Rates are still at record lows. 30 Year fixed mortgages are at 4.56%, and 15 year fixed rates averaged 4.03%. With the way things are going, I’m beginning to think that mortgage interest rates might stay really low for quite a while. But, I’m usually wrong. I thought interest rates [...]
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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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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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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