Interest Rates, Home Prices and Rental Rates
The Real Estate Market is trending up in Utah right now as rates remain low and rental rates keep going up showing fence sitters that renting is costing them more money than owning a home. If you are looking for a home or apartment to rent you are probably faced with waiting lists and more extensive back ground checks than in times past. This is because landlord's are able to pick and choose their future tenants and select the very best due to demand. If you have not looked into buying a home lately it might be time to have another look. Maybe it is not the right time to buy, but getting a game plan in order will help to insure the ability to pull the trigger and purchase your next home when the timing is right.
Interest Rate Update May 16, 2012
FHA 30 Year Fixed 3.5%
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