Utah Mortgage Rates have reached historic levels. Freddie Mac has kept track of the national average mortgage rates since 1971 and Freddie just issued a national average mortgage rate of 4.69%. Which is the lowest Freddie has ever recorded. Remember that is a national average. In Utah, Mortgage rates have reached as low as 4.25% (4.421%) in the last few days.

 Many investors are apprehensive about the stock market and have flooded Treasury Bonds with their funds. This transfer has caused  mortgage rates to plummet to the levels they are at now. Across the board it is expected to see mortgage refinance applications rise which will hopefully free up more money for our struggling economy.