Interest Rates on the Rise! Historically Low Still!

Even though interest rates have been reported to be on the rise the last few weeks. They are still incredibly good. The rates are  currently very decent!  Your rate depends on your loan, down payment and credit score. The 4% rate which rates have been fluctuating around, is worth taking advantage of if you are thinking of buying a home.

Being in real estate as long as I have been  I have seen interest rates get as high as 17% for FHA and VA loans. Of course very few people used banks back then to buy homes! Seller financing was prevalent. That turned out to be not such a good thing too!

People that track housing and interest rates know that rates have trends just as housing needs have trends.  They both have peaks and valleys.  They go in cycles up and down.

Teresa Larson Village Real Estate, Murray UT
20+ years real estate experience
(801)750-5446

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About Teresa Larson

Over 20 years real estate experience in the greater Salt Lake City, Utah area. Licensed as an Associate Real Estate Broker in Utah since 2006. Attended ERA Real Estate Top Gun Academy, Certified New Home Specialist. Numerous years of various real estate continuing education. Associates Degree in Business from Salt Lake Community College 2014, Certificate of Proficiency in Web and Graphic Design from Salt Lake Community College 2013. Served the community for 16 years. (1984-2000) as PTA President at Arcadia Elementary, PTA President at Bonneville Junior High, PTA board member for 8 years at Oquirrh Hills, Arcadia Elementary and Bonneville Junior High. Room mother for 12 years! Graduated from Clearfield High School. Currently working at Village Real Estate in Murray, Utah. servicing the greater Salt Lake City, Utah area. Focusing on Salt Lake and Davis counties.