Utah's 2012 Economic Summary: GDP, CPI, Interest Rates, and Home Prices

Interest Rates—The 30-year fixed-rate mortgage (FRM) averaged 3.62% for the week ending August 16, 2012 according to Freddie Mac.


Home Prices—According to the Federal Housing Finance Agency (FHFA) House Price Appreciation Ranking, Utah’s house prices were up 3.0% in the first quarter of 2012 from first quarter of 2011. This ranks Utah 8th in the nation.

Foreclosure Rates—At the end of the fourth quarter 2011, 2.45% of all loans were in foreclosure, ranking Utah 16th in the nation.

Source: 2012 Economic Summary, Governor’s Office of Planning and Budget Demographic and Economic Analysis