Interest rates in Denver havedramatically increasedsince May 8th.
When I first got into lending in November 1990, a 30-year fixed rate mortgage loan cost 10.0% (Freddie Mac data). In November 2000, loan interest rates were 7.4% and in November 2008, they were 6.1%. Our recent low rates were artificially driven down by government stimulus, [...]
With interest rates up, and the heat of summer on, the crazy Denver Real Estate market has noticeably slowed down since July 4th. Speaking with fellow agents, it appears that a lot of buyers are holding off on buying until they figure out what rates are going to do and sellers finally got the message that it is a great time to sell so we
[...]
How much of a down payment do I need to by a Denver home? Or, I don't have enough saved for a down payment yet. These are the two most common questions/statements I hear when starting to talk with potential home buyers. I am very surprised to hear that most potential buyers feel they need 20% down to buy a home when in fact, I would say 75% [...]
Is now a good time to invest in Denver Real Estate? I get the question a lot and the answer is YES! The rental market is even crazier than the Real Estate market if you can believe that with right around a 1% vacancy rate for rentals. Rental rates are the highest they have ever been and with these crazy low interest rates, you can cash flow [...]
Yesterday I wrote about how mortgage interest rates are the highest they have been in the past year and how it looks like they will be hovering around 4% for the foreseeable future. To read the full blog, click
[...]
This week, mortgage interest rates hit their highest level in past year and it has a lot of buyers out there pretty concerned. With an average around 4%, the rates are still near all time historical lows but when compared to the mid to low 3's we saw in September, it is a pretty significant jump. To find out why the rates are higher now and
[...]
Socials