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Logan Utah Mortgage Rate Update 6/9/10

By
Mortgage and Lending with Bank of Utah

Interest rates have dropped to truly ridiculous levels today...

30 year fixed 4.625% (APR 4.699%)
15 year fixed 4.125% (APR 4.217%)
7/1 ARM 3.875% (APR 3.755%)
5/1 ARM 3.500% (APR 3.431%)

FHA 30 year fixed 4.5% (APR 4.988%)
FHA 15 year fixed 4.0% (APR 4.456%)
FHA 7/1 ARM 4.0% (APR 4.223%)
FHA 5/1 ARM 3.75% (APR 4.011%)

Based on these incredibly low interest rates, it may be a great time to buy or refinance. Give me a call at 435-770-2709 to see if a purchase or refinance is possible. 

 

 

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About the Author

John Neil is a loan officer that is passionate about his profession. His goal with every transaction is to make a customer for life. The result is that 95% of his business comes from referrals of satisfied clients. If you need a cache valley mortgage, you can contact John at 435-770-2709. You can also follow him on twitter @LoganUTMortgage or facebook @facebook/MortgageNerd