Despite the end of the Federal Reserve’s purchase of Mortgage Backed Securities at the end of March, mortgage interest rates are still really low. John Neil of Wasatch Mortgage Solutions reports current 30 year interest rates at below 5%.
Many finance “experts” predicted that at the beginning of April there would be a large spike in mortgage rates. So far it hasn’t happened. According to bankrate.com’s Greg Mcbride, mortgage rates should stay low for a while as long as investors remain confident.
This is great news for people looking to buy Logan Utah Real Estate as low interest rates usually mean, lower monthly payments.