Many believed when the Denver interest rates rose and the buying frenzy ended, prices would begin to fall, even tumble downward. How can it be that we have interest rates that have more than doubled over the past 18 months, a 28% drop in sales volume and a rise in housing inventory yet, prices in the […]
Can Higher Mortgage Interest Rates Help This Market?
A healthy real estate market exists when Buyers have a reasonable number of listings to choose from and Sellers are getting their homes sold in a reasonable amount of time for a stable dollar amount. Currently, we have a market skewed heavily to the advantage of the Seller. This sounds great for sellers, until you consider […]
Not Good News For Mortgage Interest Rates
When is good economic news bad for Denver home buyers? The answer is when that news is one of the reasons Denver mortgage interest rates are slowly rising. That means home buyers will pay more in monthly home loan payments as Denver mortgage interest rates continues to rise. One of our trusted mortgage lenders, Rebecca […]
Denver Real Estate Market Correction from the Fed?
Get ready for the inevitable Denver real estate market correction. Unfortunately, this change is not likely to help buyers find more homes for sale or sellers continue to sell at record prices. Federal reserve minutes released this week reveal it will raise interest rates higher and sooner if inflation persists. In turn, rising mortgage interest […]
New Kentwood Way To Buy Before You Sell
Kentwood real estate brokers now offer their clients a solution to be able to buy a new home before they sell their existing home. Most importantly, these buyers can now can sell their existing home at full market value and not have to qualify for an additional bridge loan. This remarkable innovation, offered by a […]
Sellers: Denver Statistician Says “List Now”
Megan Aller, statistician with First American Title Company, says the Denver Real Estate Market is already starting to slow down just a little bit. But, the cooling is hardly noticeable. She’s warning Sellers get their properties on the market soon to avoid a possible slowdown later this year. Because, many economists believe interest rates will […]
Denver Mortgage Interest Rates Rise
(Here’s what my lender, Jimmy Kinley, says about the spike in home loan interest rates- Dennis) Denver mortgage interest rates rose 5/8% in just the previous 14 days. At that rate, interest rates for 30 year fixed, conventional mortgages could reach 4% soon. But, that’s not my prediction. Instead, here’s my thinking.
Denver Homes Inventory Crisis
The MLS Inventory Crisis For about the past nine years, the news has shown headlines reporting the slow decline of Denver homes for sale. In January 2020, there were approximately 11,670 active detached homes in the Denver MLS. Also, there were only about three months of inventory. That means that if sellers stopped putting homes […]
Low Mortgage Interest Rates Drive Sales
The demand for housing spiked last month to new records in most parts of the country accoding to local real estate blogs and MLS sources. Feeling a little like the Dutch Tulip Mania of 1637, many people wonder if another Denver price bubble night be starting to form. So, we can get some insight on […]
Lowest Denver Mortgage Rates | Home Buyers Compete
Let’s talk about this crazy real estate market before I dive into Denver mortgage interest rates. If you are a buyer in this market, I only have one piece of advice…”BE AGGRESSIVE”. Inventory of homes for sale is ridiculously low. So, only the aggressive offers accepted or countered. This is no time to be shy. […]