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Today's Interest Rates

Mortgage Interest Rate Update

- UPDATED: Nov 1, 2022

Mortgage rates tumbled mid-November due to incoming data that suggests inflation may have peaked. While the decline in mortgage rates is welcome news, there is still a long road ahead for the housing market. Inflation remains elevated, the Federal Reserve is likely to keep interest rates high and consumers will continue to feel the impact.  Source: Freddie Mac

NOVEMBER 2022 MORTGAGE INTEREST RATES
30 yr FHA - 6.30 %
30 yr Conv - 6.65%
15 yr - 6.10%
Jumbo - 6.11%

For daily mortgage rates see Home Loan Rates, below.

Till Next Month,

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Interest Rate Advice

Not all borrowers will receive the same mortgage interest rate.  Rates can vary significantly according to loan type, down payment, credit score, length or term of loan, down-payment assistance programs or subsidies, and so forth.  

The long term expectation is for interest rates to rise.  Don't take our low mortgage interest rates for granted. If you're financing a home right now, my best advice is to "lock-in" these historical low rates, rather than gamble.  It's alwasys better be safe than sorry!

If you're 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 our very reasonable and low mortgage interest rates.  Today’s rates are still quite a bargain!

Today's Interest Rates & Trends

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Michael Dagner is an expert in Denver-Area home sales.
Call today, (303) 514-4000, for help with your home sale or purchase.

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