Mortgages

Aug. 8, 2019

Low Iron County Homes Inventory Continues to Create Opportunities for Sellers

Low Iron County Homes Inventory Continues  to Create Opportunities for Sellers

The latest stats for Iron County (for June) published by Utah Association of REALTORS® demonstrate an almost 9% fall in new listings compared with the same period last year, together with a 3.6% drop in actual inventory numbers since last June.

This means that there are just over four ...

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July 26, 2019

Making The Most Of The Busy Summer Homes Market

Making The Most Of The  Busy Summer Homes Market

Earlier in the month we wrote about some very buoyant figures for the Iron County real estate market (click here to read our last blog if you missed it).

Right now is, indeed, a time to strike while the iron is still hot.

For buyers, mortgage rates have taken a ...

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June 28, 2019

STOP!!! READ THIS!!! - Mortgage Rates Have Just Fallen To A 31 Month Low!!!

STOP!!! READ THIS!!! - Mortgage Rates Have Just Fallen  To A 31 Month Low!!!

Yesterday, the average 30 year fixed rate fell to just 3.73%, while the 15-year fixed-rate average dropped to 3.16!

This is the seventh week out of the last nine where rates have fallen.

Just a year ago, the 30 year average was 4.55% and the 15 year ...

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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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