January 13, 2021 at 2:20pm | Lisa Crumby
If you are looking to purchase a home anytime soon, you will more than likely be researching for a mortgage.  Well great news....interest rates are still historically low! Although inventory for the Denver real estate market remains low, there is opportunity out there for home buyers. With interest rates below 3% for a 30-year fixed rate, this allows more buying power for home buyers.

The question is: "How long will these low rates continue ?" And..."Will they go any lower or will they begin to increase at some point this year?"

There is no predicting the highs and lows of mortgage interest rates, but when buying a home - purchase price matters. For many of us who are now working remotely, we are considering alternative needs when looking for a new home. One of the most common needs is a home office, which means the possibility of buying a larger, more expensive home.

Keep in mind that even if rates are low (rates change daily), you still have to consider the loan amount you are applying for as well as closing costs - this plays a major role in your interest rate.

To get the best mortgage rate, talk with a few different lenders and compare loan fees.  If you have any questions regarding the Denver real estate market and/or mortgage info, feel free to Contact Us - we are always happy to help! 


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