30 Year Fixed 4.44% – 15 Year 3.92%. All Time Lows. But Demand Is Down…

So the latest results from the weekly Freddy Mac Survey show that mortgage interest rates are at new all time lows again. The only difference is that now demand for these record low interest rates is even less.

The good news is that less demand means that these lower than ever mortgage rates will probably stay low for a while. There’s still hope that interest rates will remain incredibly low for those borrowers who may not be able to qualify for home loans until next year.

The bad news, is that this is a pretty good indicator that the real estate market has not recovered the way the experts thought it was going to. It looks like it will be a while before we will start seeing more demand for home buying, and real estate price appreciation.

via Utah Real Estate Mortgage Information » Mortgage Rates at New Record Lows – Demand for Loans Down.

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