Denver Homes Online

Today's Interest Rates And Trends

Interest rates have been very stable over the last 30 days.  Little economic news so far in the new year has provided much pressure for interest rates to change much at all. 

The most recent financial data reported in January was that the  national unemployment level had dropped to 8.3%, with hundreds of thousands of jobs being added.  Although this news is wonderful, the job gains do not appear to be sustainable, because most of that job growth occured in seasonable work, which is a carry-over from the holidays.  Under normal conditions that sort of 'good news' would have stimulated stock prices, and interest rates to head up.  The financial markets are especially complicated right now, and that news alone was insufficient for rates to react, or rise.

Overall, there remains a lot of economic pressure for interest rates to stay low and stable throughout 2012.  With modest fluctuations up and down, these continuing low, low, interest rates ought to help Denver's housing market get off to a nice start in 2012.  Remember, the long term expectation is for rates to rise, so don't take the current low rates for granted.

Homebuyer Advice

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.