Denver Homes Online

search homes denver colorado mls

 
 

Today's Interest Rates

 

Mortgage Interest Rate Update

interest rate volatility

- UPDATED: August 1, 2023

Mortgage rates inched up slightly after a significant decline last week. Higher interest rates continue to dampen activity in interest rate-sensitive sectors, such as housing. However, overall U.S. consumer confidence is unwavering, surging to a two-year high in the Conference Board’s Consumer Confidence Index for July 2023. Rising consumer confidence often leads to greater spending, which could drive more consumers into the housing market.

  Source: Freddie Mac

 

AUGUST 2023 MORTGAGE INTEREST RATES
30 yr FHA - 6.74 %
30 yr Conv - 7.10%
15 yr - 6.45%
Jumbo - 7.15%

For daily mortgage rates see Home Loan Rates, below.

Till Next Month,

.

'View Home Loan Rates Here'

 

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

'View Market Trends Report Here'

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

michael dagner realty expert denver

  • interest rates

RELATED ARTICLES

by Michael Dagner: Google+

Image Attributions: percent sign - sxc.hu; jenga - wikipedia

.