If you are considering a move in 2016, here are a few reasons why buying a home might make sense for you this year:
Interest Rates Are Still Historically Low. Interest rates are still at historic lows, with a 30-year fixed-rate home loan right around 4%. Even though Denver ...
Buying a home in the Denver metro area can be pretty pricey for millennials according to Aldo Svaldi of the Denver Post. Even though mortgage rates and payments are still at the lower end , the average payment burden to buyers is 34.2% on a median home purchase price of ...
The Denver Office of Ecomonic Development annouced there is a new mortgage assistance program available to all homebuyers (you do not need to be a first-time homebuyer to qualify!) purchasing homes in Denver or Littleton. Denver expects the revolving pool of about $15 million to be availabel through December of ...
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 ...
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 ...
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 ...
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 ...