Research is showing that housing prices are still on the rise. Although the local market is considered a “seller’s market”, is it actually a good time to buy? The simple answer is yes!
As your financial partner, we want to always make sure to steer you in the right direction and ensure that we are providing the best rates, service, and advice. If you are curious about your options we have mortgage experts available to help with all of your home buying needs.
The biggest benefit of buying a home in the current market is that interest rates are still low. You can buy a home from us with a 30 year fixed conventional loan, and receive a rate as low as 3.125%*. Before the market crash in 2008, interest rates were sitting around 6.00%. The difference between the two rates is thousands of dollars when paid back over a 30 year period.
However, there is currently no guarantee that the rates will remain low. The government is currently helping influence the lower rate, but there have been rumors for some time now indicating that this “influence” will stop sooner than later and allow the market to adjust accordingly (meaning the rates will rise).
On top of great interest rates for home loans, tax benefits of homeownership are great too! Don’t wait too long to decide to buy. Visit https://uccu.mortgagewebcenter.com/ to be pre-qualified today or call us at 801-223-7640 to speak to a home loan specialist today!