Real-Time Mortgage Interest Rates In Utah

The rates above are generic for the market. For more personalized information about mortgage rates, to apply for a home loan, home equity loan, or refinance your home in Utah, talk to the friendly, helpful team at Integrity First Lending.

You may have heard that mortgage interest rates are at historic lows. It’s true, and it’s a good time to buy a home in Utah — or anywhere, for that matter.

One aspect of mortgage lending that has a big effect on mortgage interest rates is the term of the loan. The term is how long you will pay on your loan. Common loan terms are 15, 20, 25 and 30 years. Interest rates go down as the term gets lower, with a 15-year term being the lowest. The reason these rates are lower is because the mortgage lender doesn’t have to wait as long to get their money back.

Regardless of whether you choose a fixed-rate mortgage or an ARM, or what the term of your loan is, your interest rate may be affected by your credit score. Homebuyers with good credit scores will get the lowest interest rates.

Reach out to a loan officer at Integrity First Lending with any additional questions you may have regarding today’s mortgage interest rates.