Colorado Mortgage Rates
If you’re looking for a mortgage rate in Colorado, we can help. In Colorado, the current average for a 30 year fixed mortgage is around 4.83%. The average for a 15 year mortgage is around 4.33%. A house is a huge purchase that a consumer can make. IT makes sense that you care about your Colorado mortgage rate, and it’s important you understand the interest rate you will pay on the money you borrow to conduct the transaction.
The mortgage rate ou get will depend on your credit score and other details. Your choice of lender will also impact the final mortgage rate. For example, the high and low rates on a 30 year mortgage in Colorado were separated by 180 basis points. On a mortgage of $200,000, the difference translates to $61,000 in total interest.
Current Colorado Mortgage Rates
At this point, home mortgage rates in Colorado are going to gradually increase. In December 2018, the FOMC modified interest rates for all types of credit in the country. The FOM increased rates. The current environment is offering a strong opportunity for homebuyers to save money on mortgage interest rates. The window for low rates is likely to slow, over time, as rates increase.
Rates at Colorado’s Popular Mortgage Lenders
There are many banks doing business in Colorado. Most offer home loans. Below is a sample of mortgage rates of some of the biggest lenders.