Real Estate News - Denver, Colorado - Interest Rates

Interest Rates

Interest Rate Updates - Home mortgage Rates

Found 60 blog entries about Interest Rates.

Interest rates went down

Weekly Mortgage Report - March 6, 2020

  • Mortgage rates decreased .19% over the course of the week and are now .81% lower than they were at the beginning of the year.

  • Thanks to historically low rates, purchase mortgage activity continues to ramp up in an inventory-starved housing market. All signs point to mortgage demand remaining stronger than the previous year. Per the Freddie Mac Primary Mortgage Market Survey, “… mortgage applications increased 10 percent last week from one year ago and show no signs of slowing down. Given these strong indicators in rates and sales, as well as recent increases in new construction, it’s
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History Of Interest Rates in Denver

Many Denver Home Buyers have called us this week wondering if the rise in interest rates is the first step in a disastrous free-fall in Denver housing prices. While we don't pretend to know where Colorado housing prices will go, we thought it would be interesting to see where interest rates around Denver have been in the past.  Here is a list of the average Denver interest rate for a 30-year fixed rate mortgage over the past 45 years, in 5-year increments.  Also shown is the amount of points it cost to get that rate.  One point is 1% of the loan amount.and you pay that in closing costs. In short the rise in interest rates will not effect the Denver Real Estate Market in any drastic way, the main effect it that many…
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If you would want to obtain a home you can call your own, you can do so through a FHA loan. FHA loan is among the many types of mortgage loans. It is a good option, but what are some of the important things that you should know about it? Read on.

FHA Loan Benefits

There are two main benefits when it comes to a FHA loan and these are as follows:

  • Lower down payment – among the most common problems when obtaining a home through a mortgage is the down payment. Many people just don’t have enough money to pay the amount required as a down payment. The good thing is, this will not be an issue if you will go for a FHA loan. This loan requires a down payment of 3.5% only and this is relatively lower compared to the down payment required by a
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Buying a Home: The Cost of Waiting | Keeping Current Matters

Whether you are a first time buyer or a move-up buyer, you should look at the projections housing experts are making in two major areas: home prices and mortgage rates.

PRICES

Over 100 economists, real estate experts and investment & market strategists were recently surveyed. They were asked to project where home prices were headed. The average value appreciation projected over the next twelve month period was approximately 4%.

MORTGAGE INTEREST RATES

In their last Economic & Housing Market Outlook, Freddie Mac predicted that 30 year fixed mortgage rates would be 4.8% by this time next year. As of last week, the Freddie Mac rate was 4.14%.

What does this mean to you?

If you are a first time buyer currently looking at a home priced

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Millennials & Student Debt: We Knew They Were Wrong! | Keeping Current Matters

You have often heard the myth that student debt is keeping the vast majority of Millennials from purchasing a home.

People have explained that Millennials have purchased more homes over a recent twelve month period than any other generation as was reported by the National Association of Realtors).

They explained that the homeownership rate of people currently between the ages of 25-29 is 34.3%. That is higher than the 33.6% rate members of the previous generation (people currently between the ages of 45-49) achieved when they were that age (as per John Burns Consulting).

They explained that a recent survey showed that almost three out of every four (74%) young adults between the ages of 18-34 plan to buy a home in the next five years with 32%

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FSBOs Must Be Ready to Negotiate | The KCM Crew

In a recovering market, some sellers might be tempted to try and sell their home on their own (FSBO) without using the services of a real estate professional. The real estate agent is a trained and experienced negotiator. In most cases, the seller is not. The seller must realize the ability to negotiate will determine whether they get the best deal for themselves and their family.

Here is a list of some of the people with whom the seller must be prepared to negotiate if they decide to FSBO:

  •  The buyer who wants the best deal possible
  •  The buyer’s agent who solely represents the best interest of the buyer
  •  The buyer’s attorney (in some parts of the country)
  •  The home inspection companies which work for the buyer and will almost always
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Upscale Latinos & Housing | The KCM Crew

Last year Nielsen and the Association of Hispanic Advertising Agencies (AHAA) identified Upscale Latinos as the most influential segment since the Baby Boomers. Upscale Latinos are becoming a powerful population segment and have grown by more than two million since 2010.

“Recognizing the diversity within the Hispanic population in the U.S., Nielsen and AHAA embarked this year on a second study to further understand the behavior of upscale Latino households, what drives them toward upscale-luxury purchases and what drivers and detractors they share—or don’t share—with non-Hispanic upscale households.” Here are some important points that they found:

  •  The number of Upscale Latinos with an annual income range from $50,000 to $100,000 is growing.
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