New Record Low Mortgage Rates: 3.87% 30 Year Fixed

Just when we thought mortgage interest rates couldn’t get any lower, they did. It looks like the European debt crisis is having a positive effect on US mortgage rates. It’s interesting how that works.

Here are the results from last weeks Freddie Mac Survey:

  • 30 Year Fixed: 3.87%
  • 15 Year Fixed: 3.14%
  • 5/1 ARM: 2.8%

Record Low Mortgage Rates. 30 Year 3.87

Overall, it’s just a great time to buy Utah Real Estate. Experts are predicting that Salt Lake Real Estate will actually see some slight home appreciation this year. Low interest rates make housing very affordable, and offer a great opportunity for homeowners to really build wealth by paying their homes off. It’s a great time to lock in with a 15 year fixed mortgage.

via Utah Real Estate Mortgage Information » New Low Mortgage Rates: 3.87% 30 Year Fixed.

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