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Get ‘em while there hot people!  Mortgage Rates are down to 5.375% for a 30 year fixed!

Contact us today, and we’ll help you get locked in to this great rate!

Image by TheTruthAbout... via Flickr

Rates have been slowly improving.  Energy prices are coming down, and inflationary pressures continue to subside.  Denver area real estate prices are holding their own, and this is a good time to buy!  These rates can change multiple times daily, so be sure to check with us regarding the mortgage markets!

Rates got a little scary late this week.  These are up about .25% above where we were earlier in the week.  The equities market rally for the last 2 or 3 days is partly to blame for this increase along with some of the FNMA, FHLMC turmoil filtering into the bond market as well.

Please call or email if we can be of assistance!

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