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: 6.25% up from 5.875% last week
FHA/VA 30 year fixed: 6.125 up from 5.875% last week
5 year interest only ARM: 5.5% up from 5.375% last week
Jumbo 30 year Fixed: 8.125% (OUCH!)
We actually have some news this week. Mortgage Bonds have made a decisive cross below the 200 day moving average, which is a STRONG indication of rising rates. Barring a quick reversal of the bond markets, we will most certainly continue to see a rise in mortgage rates. Stay Tuned!
If you have any questions about mortgages, or how to lock in a rate, please contact us at any time.
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