Did you know today’s mortgage rates on Utah real estate are less than half of what they were only twenty years ago? That means buying today puts more of your money into building equity, versus losing money paying interest to the bank. Averages rates for 15- and 30-year fixed mortgages have also reached all-time lows this year. There has simply never been a better time to buy a home!
There are four main advantages to low mortgage rates when you buy a home in Utah, or anywhere else for that matter. By taking advantage of low interest rates, you’ll gain:
- A low locked-in rate for the life of your loan. With a fixed mortgage, you’ll have that low rate for the life of your mortgage, whether it’s 15 or 30 years. This means when mortgage interest rates begin to climb, you’ll still be enjoying a rate under 4%…
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