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Metro Denver Real Estate Interest Rates At All Time Lows Again

According to The Wall Street Journal, interest rates for 30-year fixed rate mortgages fell to a new record low of 3.91% for the week ending January 12th, 2012. “These data go back to 1971. A year ago, the 30-year rate was at 4.71%.” (read the article)

Do you think mortgage rates will stay this low for a long time? Do you think mortgage rates will rise? Do you think mortgage rates will fall? Please comment on this blog post and let me know what you think. I personally think that rates will remain at about this level for at least the next few months and then will begin to rise.

With rates this low, Denver home buyers can now purchase Denver homes for sale with record low payments. Here are a few examples of what Denver home buyers’ payments would be:

$250,000 purchase price
$200,000 mortgage (20% down conventional mortgage)
$945 monthly mortgage payment (principal and interest only)
Search for Denver $250,000 homes for sale

$200,000 purchase price
$160,000 mortgage (20% down conventional mortgage)
$760 monthly mortgage payment (principal and interest only)
Search for Denver $200,000 homes for sale

$150,000 purchase price
$120,000 mortgage (20% down conventional mortgage)
$567 monthly mortgage payment (principal and interest only)
Search for Denver $150,000 homes for sale

Contact your Denver REALTOR® today to take advantage of these record low mortgage rates.