If you need assistance, please call 801-661-1557

Interest Rates were 4.12 last week!

Saturday, May 4, 2019   /   by Jouleen Cowgill 385.213.2542

Interest Rates were 4.12 last week!

Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week!

This is great news for anyone who is planning on buying a home this spring! Freddie Mac had this to say,

“Mortgage interest rates have been steadily declining since the start of 2019. These lower mortgage interest rates combined with a strong labor market should attract prospective homebuyers this spring and could help the housing sector regain its momentum later in the year.”

To put the low rates in perspective, the average for 2018 was 4.6%! The chart below shows the recent drop, and also shows where the experts at Freddie Mac believe rates will be by the end of 2019.

Are Low Interest Rates Here to Stay? | Keeping Current Matters

If you plan on buying a home this year, meet with a local real estate professional who can help you start your home search to ensure you can lock in these historically low rates today!

https://www.keepingcurrentmatters.com/2019/04/17/are-low-interest-rates-here-to-stay/

Impower Real Estate
Steven & Jessica Salazar
9071 1300 W #205
West Jordan, UT 84088
801-661-1557
801-661-0877

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of August 17, 2019. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2019 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Conspicuous display of the following: Information deemed reliable but not guaranteed accurate. Buyer to verify all information.