Denver Homes Online

Today: Interest Rates And Trends

Interest rates are down from the previous month and holding steady, which they've actually been doing since the final quarter of 2011.  

This steady interest rate environment and the absence of volatility is surprising most economists, many of which anticipated rates to have risen more substantially by now, especially with the improving economic picture nationally, and steady growth in stock prices.
 
Nothing could be better though, for Spring home buyers in Denver Colorado right now, with the continuing low rates and stable home prices.

Homebuyer Advice

As I indicated at the beginning of the year, there's a lot of economic pressure for interest rates to stay low and stable throughout the remainder of this calendar year, 2012.  Aside from moderate fluctuations up and down, our continuing low, low, interest rates should continue in the short term. 

Remember, the long term expectation is for interest rates to rise, so don't take the current low rates for granted. If you're financing a home right now, my best advice is to "lock-in" these low rates, rather than gamble that they'll be lower as you get closer to your closing date.  It's better to be safe, than sorry!   

Today’s interest rates are quite a bargain!  If you are in the market for a home this year, allow us to help you find the right lender and loan program, and help you take advantage of these great low interest rates.

Rule Of Thumb For Market Watchers & Trends

A good rule-of-thumb for predicting daily changes in mortgage interest rates is: 

Stock prices fall = mortgage interest rates fall.  
Stock prices rise = mortgage interest rates rise.   

 To follow mortgage rate trends, just bookmark this page.