Utah Real Estate – Where do we go from here?

Utah has consistently been ranked at the top in the nation for multiple statistics—from business and taxes to a growing real estate market and job growth. One recent report published by National Mortgage News supports this trend, placing three main Utah cities—Provo, Salt Lake City, and Ogden—among the top 12 U.S. cities for home price growth forecasts in 2022.

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Fed Funds Rates & Mortgage Rates are NOT the Same!

Here is the interest-rate scoop: the Federal Reserve will be increasing its “target rate/primary credit rate” above the current 0-0.25%, which has been in place since the hit of COVID. Forecasts for how high they will hike this rate over the next year are in the range of approximately 2.0 (so 1.75% higher than current rates).

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