Buying homes in Logan Utah just got even better. Just when we thought mortgage rates couldn’t get any lower, they did. In fact they are the lowest they’ve been since freddie mac started keeping track back in 1971.
Rates on 15- and 30-year fixed-rate mortgages fell for a fifth consecutive week to new lows, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.
The 30-year fixed-rate mortgage averaged 4.71 percent with an average 0.7 point for the week ending Dec. 3, down from 4.78 percent last week and 5.53 percent a year ago. That’s a new record dating back to 1971, when Freddie Mac began the survey.
The 15-year fixed-rate mortgage averaged 4.27 percent with an average 0.6 point, down from 4.29 percent last week and 5.77 percent a year ago. Rates on 15-year fixed-rate mortgages have never been lower since Freddie Mac started tracking them in 1991.
If you’re thinking about buying a new home in Logan Utah in time to qualify for either the $8,000 first time buyer credit, or else the $6,500 tax credit for existing home owners, speak too a Logan Mortgage lender today so you can take advantage of these incredible rates.