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2010-11-18 12:02:17
Track Daily Interest Rates and Trends!!

Clients, friends and acquaintances who know that I am a real estate professional often ask me about interest rates. I get my information on current interest rates for Utah County from my preferred lenders at Prime Lending. Since many of you do not want to contact myself or a lender every week to find out what interest rates are (even though I know we don't mind at all), I wanted to pass on a great website I found to check interest rates and research interest rate trends:

One month - http://www.bankrate.com/funnel/graph/Default.aspx?cat=2&ids=1,10&state=UT&d=30&t=MSLine&eco=-1

Three Months - http://www.bankrate.com/funnel/graph/Default.aspx?cat=2&ids=1,10&state=UT&d=90&t=MSLine&eco=-1

Six Months - http://www.bankrate.com/funnel/graph/Default.aspx?cat=2&ids=1,10&state=UT&d=180&t=MSLine&eco=-1

One Year - http://www.bankrate.com/funnel/graph/Default.aspx?cat=2&ids=1,10&state=UT&d=365&t=MSLine&eco=-1

Three Years - http://www.bankrate.com/funnel/graph/Default.aspx?cat=2&ids=1,10&state=UT&d=1095&t=MSLine&eco=-1

Five Years - http://www.bankrate.com/funnel/graph/Default.aspx?cat=2&ids=1,10&state=UT&d=1825&t=MSLine&eco=-1

Enjoy and I hope this is useful for many of you. As you can see, in general, rates have begun creeping up this week. No one knows if the rise will continue, stabilize of decrease again, but the experts don't expect rates to stay in  the 4-5% range for too much longer. Regardless of the slight increase this week, any interest rate around 4.25% to 4.5% is amazing. With the current low home prices in addition to these low interest rates, it is still a great time to buy and should remain so for a few months. 

If you are interested in current area/loan specific interest rates, let me know, and I will talk to one of my preferred lenders at Prime Lending at get back to you. They are usually below the averages and have been amazingly fast at obtaining loan approval. For any and all of your real estate needs, don't hesitate to contact me. 

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