Denver Mortgage Rate Update 5-15-2008
May 15, 2008 by Bob Schenkenberger · Leave a Comment
Here are current mortgage rates for the Denver Metropolitan area. These rates change constantly, so they are subject to change. I will post new rate information if these figures increase, or decrease dramatically.
Conventional 30 year fixed: 5.875%
FHA 30 year fixed: 5.875%
VA 30 year fixed: 5.875%
5 year interest only ARM: 5.375%
Jumbo 5/1 ARM 5.5%
You’ll notice the market is not wanting to play on adjustable rate mortgages, and they are making sure to get a premium for the Jumbo loan programs. But the market is loosening up a bit for this type of money.
If you have any questions about mortgages, or how to lock in a rate, please contact us at any time.
photo credit: woodleywonderworks
Bob has been an active REALTOR for Over 20 years. During this time, he has closed over 500 transactions, and has been the broker of record for 1000's more. Bob can be reached via email (bob@gethomedenver.com) or phone (303.770.1180.)
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