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: 5.875%
FHA 30 year fixed: 5.875%
VA 30 year fixed: 5.875%
5 year interest only ARM: 5.375%
Jumbo 5/1 ARM 5.5%
You'll notice the market is not wanting to play on adjustable rate mortgages, and they are making sure to get a premium for the Jumbo loan programs. But the market is loosening up a bit for this type of money.
If you have any questions about mortgages, or how to lock in a rate, please contact us at any time.
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