Utah Housing Market Update - 11/10/25

This last week was one of those weeks where it just so happened that many more multi-million dollar homes sold that usual, which skews our numbers for what direction it seems home prices are going, so we’ll look at that in the numbers.

Also, interest rates ticked up a bit, and DJT floated the idea of a 50-year mortgage over the weekend - I don’t have a lot to say about that other than this: 1) it could lower payments on median-priced homes by about $250-$300/month, 2) importantly, the interest rate for such a loan would probably be higher than that for a 30-year loan.

Interest rates for a 15-year loan are always significantly lower than those for a 30-year loan, but of course the monthly payments are higher. So while it’s possible to structure such a loan option, it remains to be seen whether it would be feasible or how popular the option would be once people saw how the numbers played out.


Other than that, I’m just going to let the numbers talk for themselves this week guys :)

Remember that I track interest rates from the following website:

https://www.mortgagenewsdaily.com/