Denver Mortgage Rate Update 5-22-2008
May 22, 2008 by Bob Schenkenberger · Leave a Comment
photo credit: EverySpoon
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: 5.75%
VA 30 year fixed: 5.75%
5 year interest only ARM: 5.375%
Jumbo 30 year fixed: 7.875%
Jumbo 5/1 ARM 5.5%
Rates for Government programs (FHA & VA) have improved slightly over last week. Conventional and Jumbo products have remained about the same. There are fears from inflation that may move rates higher (Oil at record highs!)
If you have any questions about mortgages, or how to lock in a rate, please contact us at any time.
Bob has been an active REALTOR for 18 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.)
Facebook Comments