In order to better understand how housing markets differ among states, LendingTree, the nation’s leading online loan marketplace, analyzed multiple factors that are relevant to people looking to buy a home.
Utah: Average offered interest rate: 4.77%
Average APR: 4.85%
Average down payment: $28,273
Average offered loan amount: $248,969
Average LTV: 73%
Median Spread (4 Offers): 0.43%
Median Spread (5 Offers): 0.55%
Potential buyers should never forget they can often save money by shopping around before settling on a loan. 
While our study primarily focuses on mortgage interest rates offered to LendingTree users in different states, it also looks at other aspects important to the homebuying process, like average APRs, loan-to-value ratios, home loan amounts and down payment amounts. It also looks at the spread between high and low APRs offered to LendingTree users in order to illustrate how shopping around for a mortgage can help a potential buyer save money.
For example, buyers who shop for a mortgage and were offered a choice between four different loans saw an average of a 0.42% difference between the highest APR they were offered and the lowest. Those who shopped around and were offered a choice between five different loans saw an average spread of 0.53%. These differences could translate to savings of thousands of dollars over the lifetime of a loan.
Completing a Loan Pre-Qualification you'll be on your way to locking in your interest rate and giving assurance to prospective sellers that you mean business. Pre-qualification is easy and can be done via email or over the phone by speaking to George Andersen at 801 550-1382.
You can also Head over to Precision Realty & Associates and speak to Carriene Porter a real estate professional, she'll answer any questions on real estate and help get your home search start.  If you prefer a more personal touch, CALL 801-809-9866 today.

#Mortgage #UtahRealEstate #Selling #Buying