Mortgage Rates Still The SameThe housing market is doing better, but the even better news for home buyers out there is that mortgage rates are relatively unchanged. The local Salt Lake City movers found out the 30-year fixed-rate mortgage averages at about 3.41% with an average 0.7 point for the week ending on October 25 which is up from the week before at 3.37%. In 2011, the 30-year fixed-rate mortgage averaged at 4.10%. The 15-year fixed-rate mortgage averaged at 2.27% with about a 0.6 point. This time last year, it was at 3.38%. According to chief economist at Freddie Mac, the mortgage rates will continue in the same range, supporting the real estate market and mortgage refinance. The local Salt Lake City moving specialists learned existing home sales were at about 4.75 million which is the highest it’s been since 2010. New home sales increased lately as well, the highest increase since April 2010.
Many people are eager to buy homes these days, with the housing market picking up potential homeowners feel more rushed to make that purchase before prices start going up. There seems to also be less supply of homes across the nation, making the experience even more competitive. The All My Sons of Salt Lake City suggest you still take the time to make an informed decision on where to buy and what to buy. Location is extremely important not only for your resale value but also for your lifestyle. You want to make sure you choose a house that's right for you and your family, close to schools, hospitals, supermarkets and entertainment venues. Your purchase can't be solely based on price. With the wide use of the internet in the real estate industry, doing your research online from the comforts of your own home should be a piece of cake. The local Salt Lake City suggest you read descriptions, view pictures, take virtual tours and even call to inquire further when you're really interested in a property. The mortgage rate is really low and it might be worth taking advantage of.
When you find your dream home, you can trust the local Salt Lake City moving specialists to help you on your moving day. All My Sons of Salt Lake City movers will offer you the very best in moving services at a great, affordable moving quote. The Salt Lake City moving team is part of All My Sons Moving and Storage, a reliable moving company that's backed by four generations of movers. The All My Sons movers have experience in various types of moves from apartment moving to commercial moves to auto moves and even long-distance moving. The local Salt Lake City movers will quilt pad wrap your delicate belongings and help you with assembling your furniture in your new place. With All My Sons of Salt Lake City, you'll truly have nothing to worry about on your moving day.