Denver Interest Rates over the Years

Denver Interest Rates over the Years

Posted by Brian Burke on Friday, February 2nd, 2018 at 5:32pm.

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 buyers waiting for home prices to go down will be able to afford less home and home prices continue to rise at a healthy rate.

Here is a snapshot of what rates looked like over the years. 

  • 2013: rate was 3.98%, it cost .7% in points to get that rate
  • 2008: rate was 6.03%, it cost .6% in points to get that rate
  • 2003: rate was 5.83%, it cost .6% in points to get that rateDenver Interest Rates
  • 1998: rate was 6.94%, it cost 1.1% in points to get that rate
  • 1993: rate was 7.31%, it cost 1.6% in points to get that rate
  • 1988: rate was 10.34%, it cost 2.1% in points to get that rate
  • 1983: rate was 13.24%, it cost 2.1% in points to get that rate
  • 1978: rate was 10.35%, it cost 1.4% in points to get that rate
  • 1973: rate was 8.04%, it cost 1.0% in points to get that rate
Over the past 45 years, the highest average rate was in 1981, when the rate was 16.95%, and it cost 2.1% in points to get that rate.


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Listing information last updated on July 15th, 2020 at 5:15am MDT.