February Utah Market Update: Rates Volatile, Opportunities Are Shifting Fast

Tiffani and Clark here from Simply Home. We wanted to share a quick market snapshot because things are moving faster than usual right now, and we know many of you are watching closely - whether you're thinking about buying, selling, or just staying informed.

Quick snapshot on rates

The Federal Reserve is holding the federal funds rate steady at 3.5–3.75%. While long-term mortgage rates are still in the 5 to low 6% range, we've been seeing daily swings of 0.25% or more. That kind of volatility creates real windows of opportunity for Utah buyers and sellers.

The takeaway? The market is shifting fast.

Here’s what we’re seeing on the ground:

• More buyers are stepping back into the market as rates stabilize and confidence grows.

• Sellers are getting quicker interest when homes are priced right and show-ready, especially in competitive pockets.

• Inventory is slowly increasing, giving buyers more choices than we’ve seen in recent years, particularly in the Wasatch Front and St. George areas.

If you’ve been waiting for the right moment to buy or sell, this is the time to get prepared.

We’re not saying rush in blindly, but let’s get ahead of the shift together. Whether you want:

• A quick market analysis for your current home

• Help finding properties that actually fit your family’s goals

• Or just a no-pressure conversation about where things stand right now

Tiffani Swensen & Clark Swensen

Simply Home tiffani@simplyhome.io | 801-403-7779 |

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