Troy Hansford for Denver Real Estate | 303-617-0607 |

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What’s Really Happening with Interest Rates in Denver?

Today I have a mortgage professional to help get down to the bottom of what’s happening with interest rates. People seem to be worried that they’re about to jump up, but I want to get the whole story.
So, how does the federal interest rate correlate with home mortgage rates? Well, the economy is performing a lot better than it was in 2009 when the Fed lowered the rates, so that means that we’ll probably see rates climb soon. However, you’re not going to wake up one day to find that rates have jumped by a percentage point overnight.
I think it’s reasonable to expect that by next year rates could be at least one percentage point higher. An increase of 1% by the end of 2015 would really shock the market, so I don’t think it’s ultra likely that that occurs.
Please don’t hesitate to contact me with questions you may have about this topic or about Denver real estate in general.


On a 30-year fixed rate with 20% down you can expect to pay just below 4% in interest. For a VA or FHA loan you would find yourself in the 3% to 3.5% range.


Overall, interest rates are really low right now and they’re not going to get any lower. If you’ve been thinking about buying a home, then now may be the time to do so. You have the opportunity to save hundreds of thousands of dollars in interest payments over the lifetime of your loan.