Today's Utah Mortgage Rates again are at all time lows! I have never, ever seen rates this low. I don't expect to have them stay this low. I have gotten emails from some lenders indicating they are repricing upwards. But don't worry - that upward moving will be minimal.

Today's Best Available Rate for a 30 Year Fixed Conventional loan is 3.75%. The Best Available Rate are for those individuals with excellent credit (740 or above) and 75% loan to home value.

The catalyst - still concerns about the Greek debt situation. The negotiations have again stalled. This on-again - off again situation is ridiculous with a continual parade of "maybes" and "yeah buts".

Also the fact that most of the economic news has been at about expectations. This means that predictions of a slow, drawn out recovery is becoming a reality. Rates will stay low until the economy starts beating expectations and the Fed starts worrying about inflation. That's not happening any time soon. And just last week the Fed reinforced that with an announcement that they do not expect to raise rates until 2014.

So there you have it. Lowest rates ever and home prices back to 2005 levels. Buyers if you are out there you should be looking right now.

Are you ready to buy? Do you want to take advantage of today's low rates and refinance your existing mortgage. Call me - Linda Miller, a Smart Loan Lady - 801.550.1222.