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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!

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: 6.25% up from 5.875% last week

FHA/VA 30 year fixed: 6.125 up from 5.875% last week

5 year interest only ARM: 5.5% up from 5.375% last week

Jumbo 30 year Fixed: 8.125% (OUCH!)

We actually have some news this week. Mortgage Bonds have made a decisive cross below the 200 day moving average, which is a STRONG indication of rising rates. Barring a quick reversal of the bond markets, we will most certainly continue to see a rise in mortgage rates. Stay Tuned!

If you have any questions about mortgages, or how to lock in a rate, please contact us at any time.

photo credit: kevindooley

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.

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

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: 5.75%

FHA 30 year fixed: 5.75%

VA 30 year fixed: 5.75%

5 year interest only arm: 5.75%

Jumbo 30 year fixed: 7.875%

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.

If you have any questions about mortgages, or how to lock in a rate, please contact us at any time.