Mortgage Rates

Great information!

US Title Park City

Now is the time to get a home.  Since the mortgage are at near record lows.  Check out this great article!   

NEW YORK (CNNMoney) — Rates on the average 15-year, fixed-rate mortgage hit a new low this week, falling to 2.66%, according to mortgage giant Freddie Mac.

The 15-year is particularly popular with homeowners who want to refinance their old mortgages to a lower rate and pay off their loan more quickly.

Interest rates on 30-year loans, which are popular among first-time homebuyers, averaged 3.37%, a single tick above the record low of 3.36% set two weeks earlier.

 

Rates have inched down about 0.2 percentage points since the Federal Reserve announced plans in September to buy as much as $40 billion a month of mortgage-backed securities until the economic recovery started gaining momentum.

That may be happening already, according to Keith Gumbinger, of mortgage information company HSH.com.

“If…

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