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 […]
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 […]
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 […]
(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.
(Here’s my favorite lender’s forecast for the 2019 Denver Mortgage rates. – Dennis Martin, Coldwell Banker Residential Realty) By Jimmy Kinley What in the world could 2019 have in store for Denver home loans??? If you listen to the media or read the news feeds online, you might think that buying a home is a […]
Rising Denver Mortgage Rates Affect Affordability When it comes to the cost to buy a Denver home, there are many factors that contribute to a monthly home mortgage payment. Some experts suggest that we are going to see Denver home prices in the Denver Metro Area real estate market level off or go down over […]
It’s official! The Denver real estate market has recovered from the worst housing recession since the 1980’s. Home sales have exploded while the supply of homes for sale has decreased. The only problem is that this is both good and bad news.