UtahCribs Weblog

Real Estate, Homes, News, Statistics and more

Mortgage Interest Rates climb.. Interest Rates rose today..

Posted by UtahCribs, Real Estate, Homes on February 4, 2010

If you are contemplating buying a home in 2010 you have a lot more to worry about than just rising interest rates. Yes interes rates are going up, however there are all sorts of other reasons to act now.

Buy a home in 2010 before interest rate go up

There are 4 main reason’s to get out and buy a home today.

1-Fed Deadline -Fed says it is going to stop buying mortgage backed securities by march..
2-FHA Premium Increase – FHA premiums are going up to 2.25 % of the purchase price of your loan.
3-Home Buyer Tax Credits – In may the Tax credit incentives are going to expire
4- Interest Rates.- Interest rates have been consistently going up.

Interest Rate Updates

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