Top Utah Realtor Thought: Mortgage Rates in Utah

Are you thinking of buying a home and not sure about rates? Top Utah Realtor serving in Davis and Weber County, Cities of Bountiful, Salt Lake, Ogden, Roy, Clearfield, Syracuse, Kaysville Farmington and more.

In November and December 2014, Rates dropped the lowest it has been in a year and a half.  Gas prices have continued to drop, but other fees are pushing to raise.  Even though no one can really predict with interest rates will go up, but the way I see things and after talking to some of my lenders I work with, we feel in 2015 probably by summer rates may raise to around 5% or higher.

What this means is if you want to buy a house, waiting will cost you more money a month.  See my example below. Note: insurance, taxes and other options may be additional!

Purchase price       $100,000
interest rate                 3.99%
30 yr. Loan

Monthly Payment    $476.84

-OR-

Purchase price      $100,000
Interest Rate                  5%
30 yr. Loan

Monthly Payment    $536.82

Buying with Lower Interest Rate saves you $59.98 / month.
That is a tank of Gas, Food, Movie night, etc.

Now is the time to buy and save money a month.
Contact me today.

Dave Vance Real Estate with Equity Real Estate
801-660-7023
http://davevance.net
http://weberdavisrealestate.com