Denver Mortgage Rates
August 13, 2008 by Bob Schenkenberger · Leave a Comment
The long term outlook for rates in the Denver Real Estate market, is so unstable it is tough to predict what we may be in for. The US Dollar has strengthened lately, oil prices are coming down (which is good, but stability is more important) I’m still worried that the price is too easily manipulated, and that it can go up, just as easy as it did for the previous few months.
Now for the mortgage market. There is volatility, and that makes for uneasy buyer’s. Rates have been swinging up and down lately. So if you are in the process of getting a loan, make sure you find a comfortable point, and LOCK IN!
The good news is, RATES ARE STILL VERY GOOD!
|
Program |
Rates |
Orig.+ Discount Fees |
|
Conv. 30 Year Fixed |
6.500% |
1.00% + 0.00% |
|
FHA 30 Year Fixed |
6.500% |
0.00% + 0.00% |
|
VA 30 Year Fixed |
6.500% |
0.25% + 0..00% |
|
5/1 Int. Only ARM |
5.875% |
1.00% + 0.25% |
|
Jumbo 5/1 ARM |
5.750% |
0.50% + 0.00% |
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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