Mortgage rates for Colorado go down to 3.00%

Mortgage rates for Colorado on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Colorado is now at 4.56%.

If you are looking for up to the minute Colorado mortgage rates, you’ve come to the right place.  Lender411 is an information resource for anyone who wants to simplify the process of getting a mortgage loan.

Colorado Mortgage Refinance

You can save a lot of money with a refinance mortgage.  If today's rates are at least 1.5 points lower than your existing mortgage, you should consider refinancing. One of the obstacles to a refinance is the expense of closing the new loan.  With a no cost refi, though, you’re able to avoid these closing costs.  This loan option is still available and you’ll have to meet some qualifications to receive it, but if you do, you’ll save thousands of dollars.

Home Mortgage Loans in Colorado

The fixed rate mortgage  is still the preferred mortgage of most borrowers.  With both 30 year and 15 year term lengths available, this loan allows you to lock in a low interest rate for the entire length of the loan.  This guarantees you that your monthly payment will never increase or adjust.  You have to pay more for this security, though.  These loans don’t always come with the lowest interest rates attached.

The lowest rates in the market are found with the adjustable rate mortgage (ARM) option.  This loan type gets you a low immediate rate that will adjust once the introductory period has ended.  Be careful when you take out one of these loans and be prepared to see your monthly payments increase in the future.

The government backs two loan types.  These are the FHA loan and the VA loan, and if you can qualify for one of these mortgages, the financial benefits are enormous.  You can also look into jumbo loans, balloon mortgages, and interest only loans, if you need to.  It all depends on your financial goals.

About Colorado

Colorado is the home of the famous Rocky Mountains. Majestic mountain views and fresh mountain air make Colorado a great place to call home.  Colorado is home to several world class ski towns including Aspen, Durango, Steamboat Springs, and Vail, as well as major cities Denver, Colorado Springs, and Aurora.

Fans of both sunshine and snow will enjoy Colorado, which boasts 300 days of sunshine per year and 300 inches of snow in the mountains on a yearly basis.  Colorado is an ideal place for year round recreation.  When snow season hits, you can enjoy skiing and snowboarding.  During warmer weather, there are numerous places to hike, bike, fish, and climb.  There is a higher cost of living in Colorado, but the recreation opportunities more than make up for this.

To learn more about homeownership in Colorado or research CO home buying programs, visit the Colorado HUD portal.

If you want to keep researching your options, simply click on any of the following links to continue reading about mortgages.

• Colorado Reverse Mortgage
• Colorado FHA Loans
• Colorado VA Loans
• Colorado First Time Home Buyer Loans
• Colorado Commercial Loans

Lenders in: Colorado.