Rates are really low again

December 3, 2007

I've had severa mortgagel inquiries lately so it probably had something to do with this

National mortgage rates fell sharply last week, with rates on 30-year mortgages dropping to the lowest level in more than two years.

As of today 30 year rates are pretty low:

  • One point will get you 5.5%
  • Want no points, you'll get 5.75%
  • Want zero points, you'll get 6.5%

Of course to qualify for these mortgage rates you'll need superb credit, decent income, an 80% loan balance to property value ratio, and decent assets.

Is your rate too high? Get a rate quote on a Denver Mortgage Loan now!

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