Mortgage Rates

March 20, 2013

Denver Metro Home Sales Stats for February 2013 Year Over Year

The real estate market in Denver has continued to see increasing numbers in sales year over year.  Home prices continue to climb and inventory in Denver hit a 35-year low at less than 7,000 earlier this month.    For homes priced at $500,000 and under, the absorption rate ...

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Feb. 27, 2013

Denver Home Mortgage Rates Effective February 27, 2013

Mortgage rates moved lower today bringing them to the best rate/fee combination available since February 7, 2013.   Most lenders can offer reasonable trade-offs to move lower in rate (higher costs or decreased lender credit).  Analyists expect much of the same in the coming weeks, with just slight movment ...

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Feb. 21, 2013

Denver Home Mortgage Rates Effective February 20, 2013

Mortgage rates continue to move in a increasingly narrow range with a slight rise overall.  To put affordability in perspective:

The Median Home Price in Denver in 1989 was $94,000, the average mortgage rate was 10% and the monthly P&I payment was $825.  

In 2012, the Median Home ...

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Feb. 15, 2013

Denver Home Mortgage Rates Effective February 13, 2013

Mortgage rates typically rise faster than they fall ... and they are on the rise this week!  Rates surged higher at their quickest pace since late January this past Wednesday. The rates have been going up and down slightly the past couple of weeks but they are still at all-time lows ...

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Feb. 7, 2013

Denver Home Mortgage Rates Effective February 6, 2013

Cherry Creek Mortage reported this week that mortgage rates did a complete 180, reversing Tuesday's improvement, and taking rates back in line with recent highs.  That sounds fairly ominous, and in the sense that further weakness would mean new multi-month highs, it is.  But less ominous is ...

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Jan. 30, 2013

Denver Home Mortgage Rates Effective January 30, 2013

The overall economic data is mostly positive and rates increased slightly this past week as a result. The Dow Jones is up over 200 points on the week; crude oil prices are slightly down and the Dollar weakened vs. the Euro but strengthend vs. the Yen on the week.  Stocks ...

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Jan. 16, 2013

Denver Home Mortgage Rates Effective January 16, 2013

Mortgage interest rates were flat this past week as there was not much economic data released. In other news this week, Federal Reserve Chairman Ben Bernanke said at a speech at the University of Michigan that the Fed's Quantitative Easing Program a.k.a. "QE" is reducing mortgage rates ...

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Jan. 9, 2013

Denver Home Mortgage Rates Effective January 9, 2013

Mortgage rates continued to inch lower in the last week and set a new record low with the 30-year mortgage at 3.5%.  The question as we enter 2013 is will mortgage rates go up again soon?   Analysts expect that the 30-year fixed mortgage rate will go up to ...

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Dec. 12, 2012

Denver Home Mortgage Rates Effective December 12, 2012

Mortgage rates remained mostly flat over the last week due mostly to the fact that the markets continue to focus on the continuing fiscal cliffs negotiations.  Economic data was stronger than expected and the unemployment rate in November fell to 7.7%.

Denver Home Mortgage Rates Effective December 12, 2012

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Dec. 5, 2012

Denver Home Mortgage Rates Effective December 5, 2012

Despite a slight improvement this past week an average of 70% of analysists still believe that rates will remain relatively unchanged.  The future of how rates will be affected is unknown if an agreement is not reached on the fiscal cliff negotiations between the President and Congress.

Denver Home Mortgage Rates Effective November 27, 2012

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