Mortgages

June 5, 2019

Why Right Now Could Be A Great Time To Stop Renting And Buy Your Own Home

Why Right Now Could Be A Great Time To  Stop Renting And Buy Your Own Home

Last week 30 year fixed mortgage rates dipped below an average of 4% and we are currently seeing the lowest rates since the beginning of 2018.

The highest average 30 year fixed rate last year was 4.87% in November, so there has been a considerable reduction since then.

If ...

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May 21, 2019

Why Mortgage Rates Are So Competitive Right Now

Why Mortgage Rates Are  So Competitive Right Now

Last month saw an average interest rate of 4.14% on 30 year fixed rate mortgages. This was the lowest figure since the beginning of last year!

Even though this is extremely encouraging news, what's often underappreciated is just how competitive mortgage rates have actually been for some time ...

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April 4, 2019

Big Mortgage Rate Falls Point To An Excellent Spring Homes Market

Big Mortgage Rate Falls Point To An  Excellent Spring Homes Market

With what can only be described as perfect timing, 30 year fixed mortgage interest rates took the biggest single week drop for a decade last week!

With the busy spring home selling season only just under way, this is music to the ears of buyers, who will now be highly ...

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Feb. 4, 2019

Are We Transitioning To A Buyer's Market?

Are We Transitioning To  A Buyer's Market?

We wanted to inform you of what could be a significant incoming change in our Iron County Real Estate market.

For some years now, we have been enjoying a seller's market, whereby prices have continually risen and there is high demand for homes.

Although prices are continuing to climb ...

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Jan. 24, 2019

Low Mortgage Rates Are Energizing The Early Year Market!

Low Mortgage Rates Are Energizing The Early Year Market!

Our Iron County real estate market has made a strong start to the year.

Buyer sentiment is currently exceptional, following a sustained period of lower mortgage rates to levels we haven't seen for a while.

Indeed, it was recently reported nationally that mortgage applications were up 23.5% at ...

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Nov. 2, 2018

Iron County Continues To Buck National Real Estate Trends

Iron County Continues To Buck National Real Estate Trends

Much has been written in recent months about changes in national real estate trends.

What's really encouraging to report is that Iron County appears to be going against the grain, with some very good stats recently released for September by the Utah Association of REALTORS®.

While inventory of homes ...

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July 11, 2018

How Long Can This Seller's Market Last?

How Long Can This Seller's Market Last?

Last time I wrote to you, I talked about how resilient our Iron County real estate market has been, despite higher federal funds interest rates and increases in mortgage rates.

We're still in fabulous shape in our local market, but a logical question at the moment is how long ...

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May 30, 2018

Why Current Mortgage Rates Are Still Great Value!

Why Current Mortgage Rates Are Still Great Value!

If you're looking for a home, it won't have escaped your attention that mortgage rates have been climbing for some time now. Indeed we recently saw the highest 30 year rates for seven years.

Of course we've become more accustomed to seeing rates travel in the opposite ...

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Dec. 5, 2016

Why Mortgage Rates Are Still Great Value

Why Mortgage Rates Are Still Great Value

While no-one wants to see mortgage rates climb as they have recently, there's a danger of losing sight that they are still providing a fabulous opportunity to lock in a low rate for the life of the home loan.

We have, of course, gotten very used to 30 year ...

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