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Mortgage Rates Fall Even More

Categories: Finance Online
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a concept of a man thinking about buying a houseHave you been planning to apply for a home loan here in Lake Oswego, but you have not taken out a home loan because of the high rates? Now may be the perfect opportunity for you to review your mortgage options as mortgage rates decreased for the week.

The 30-year fixed, 15-year fixed, and 5/1 adjustable-rate mortgages all decreased in interest rates.

Mortgage Decreases

The 30-year fixed mortgage fell 8 basis points from 3.77 percent to 3.68 percent. The 15-year fixed mortgage, on the other hand, slid down 5 basis points to 2.91 percent. Finally, the 5/1 adjustable-rate mortgage fell 5 basis points to 3.06 percent.

Grab the Opportunity

Rates have only been this low now ever since the beginning of the year. You can immediately approach Lake Oswego lenders to lock in a home loan with the low-interest rate available. Take your time, nonetheless, and shop around to find the best deal around.

Consider which mortgage you will take as well.

Driving Forces of Decreases

Rates have been sliding down for six weeks already. Experts tie the decreases to the current events racking the country. As Hurricane Irma hits land and tensions continue to climb between the U.S. and North Korea.

These events affected investors and drove long-term bond yields down significantly. Mortgage rates fell, as they tend to follow the path of long-term bonds.

Experts Say: No More Decreases

Again, you can grab the opportunity to lock in a low mortgage rate now, especially while the rates last. Experts suggest mortgage rate decreases will come to a halt, in spite expectations of more bad news to come. Mortgage rates fall because of bad news that shakes up investors.

Mortgage rates will likely flat line in the next week, however, even if more bad news comes.

With this piece of information, you can alternately take your time to find a good mortgage. It will be good to stay alert, however, as things may make a turn and the rates can go up if you take too long in deciding on a mortgage. You can consider all options to make the best decision.

Utah: A Promising Future Awaits

Categories: Finance Online
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Salt Lake City skyline in Utah

Salt Lake City skyline in Utah

There is so much more than the ultimate skiing experience or green jello dining in Utah with its competitive investment climate. How could you say no to the lowest mortgage rates Utah has to offer when you intend to get your place there? You have many other reasons why you should consider moving to this state.

Make the most of your chances

Utah is hailed as one of the most livable places in the country for many reasons. For one, it has good employment ratings, whether it's blue collar jobs or white collar jobs. There is more than enough jobs for everyone given its reputation for being home to huge companies belonging to Fortune 500 and Fortune 1000.    It also has competitive schools and universities to produce the best graduates to keep a competitive labor market. Provo and  Salt Lake City are among the most-educated municipalities and is recognized for their smart students.

Keep the odds in your favor

Getting a decent job and a decent education is one good thing, so you should wait for something greater. It has an attractive investment climate with the lowest mortgage rates starting quite above 3% for a 15-year term loan. That means you will have to pay less than $700 for every $100,000 borrowed. You should start now especially when the interest rate is at a historical low.

Give yourself a break

Amid the overwhelming opportunities, you should not forget that Utah has more to offer for your appetite. The Dairy Keen and its popular menu of fast food.  They also give healthy options, such as gluten-free and low-fat choices. It is also in Utah where you can find the green jello stuffed with healthy carrots and topped with strawberries.   Find a real estate agent to help you find a place in any of its great cities. You won't have problems in finding some enticing deals.