Dan Harding - Intercap Lending
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10/03/2025
Hi there! Good news! Mortgage rates improved this week and we’re back to the lows of the year! Even with the government shutdown delaying some of the usual economic reports, the bond market stayed calm. That’s important because uncertainty often pushes rates higher.
The job market is cooling a bit, but the overall economy is still growing. GDP is strong, retail sales are healthy, and stocks remain near record highs. The Fed is being cautious about cutting rates too quickly, and current mortgage rates already reflect the expectation of a couple of rate cuts later this year.
So, what does this mean for you? Rates are already at their best levels of 2025. It’s hard to see them getting much better from here unless unemployment goes up more significantly. If you’ve been waiting for the Fed to lower their rates, the good news is those expectations are already baked in today’s rates.
Here’s where rates are starting today:
✅ Conventional 30-Year Fixed: 5.99% (6.069% APR)
If you see a home you like, let me run the numbers on it for you.
Have a great weekend!
Mortgage Rates Are Knocking on the 6% Door.
Rates have been holding steady this week — and we’re getting so close to 6.25%.
Here’s why that matters: every time we’ve hit the 6% range since 2022, housing activity has taken off. Buyers jump in, sellers list, and opportunities pop up fast. We haven’t had a long stretch at these levels yet… but if we do, things will get interesting!
Today’s Starting Rates:
✅ Conventional: 6.375% (6.451% APR)
✅ FHA: 5.875% (6.592% APR)
✅ VA: 5.875% (6.294% APR)
If rates dip just a bit more, expect the market to heat up. If you’ve been thinking about buying, now’s the time to get ready.
07/25/2025
YES! The FHA 203K Loan lets you roll renovation costs into your mortgage so you can buy and renovate with one loan.
If you’ve found a house with potential but need extra cash to fix it up, this could be the perfect financing option for you! Let’s see if you qualify.
📩 DM me, and let’s discuss your fixer-upper goals!
Builders, let’s talk about how to keep your margins strong and help more buyers move forward with confidence.
Our Build Now, Pay Later program is a 2x Close construction loan that lets buyers lock in today’s pricing, start building their home, and delay payments until construction is complete.
It works because buyers make no payments during construction, while you still receive draws as the build progresses. There is no need to reduce prices or offer steep incentives, and we take care of the financing details with the buyer upfront.
This is an ideal solution for buyers who are waiting to sell their current home or want to avoid juggling two housing payments.
We’re already seeing this help builders move inventory while maintaining profitability. Let’s connect and talk about how it could support your next project.
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365 S Garden Grove Lane, Suite 130
Pleasant Grove, UT
84062
