August 2022 August 9, 2022

30 year Interest rates hit sub 4.5% to close last week! Hot dang!

Just as the housing economy was seemingly at it’s knees, Mortgage lenders reported that on Friday well qualified buyers had the chance to lock in a 4.375 for a 30 year fixed mortgage. Yesterday (Monday) rates hopped back up to 4.6 on the federal job report. Some experts predict mortgage rates will trend downwards towards the 4% mark in the comings months. With prices slashed across the market and a recession in the painful 5% plus mortgages, it could be a great time to combine the price discounts available in the market today and the downward trending mortgage rates.

If you’d like to learn more about taking advantage of the rate drop and recently lowered home prices in Utah please call or text AJ at (435)619-3465.

 AJ is a licensed real estate agent in the state Utah and works with ERA Brokers Consolidated. He is BYU graduate and also works in Utah public schools as a school psychologist when he isn’t working on a real estate deal. AJ has personally built nearly 40k in passive income in the past 4 years from his real estate investments while working on an educator salary and would love to help you do the same. Call or text AJ at 435-619-3465 to talk real estate.