Our current low interest rates are the cheapest financing in almost three years and is improving home affordability.
Home affordability jumped 10% in June from a year earlier as mortgage interest rates continue to drop making it easier for Americans to buy homes.
Home buyers have been experiencing head winds from three major fronts: 1) increasing home values; 2) low inventory of homes available to buy; 3) higher interest rates.
Right now the average interest rate is between 3.5% and 3.75%. This time last year it was around 4.75%.
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Whenever you are ready, here’s some ways that I can help with your real estate goals:
1) Free Access to search the Denver MLS for all homes currently on the market: Denver Home Finder Service Property Search
2) Join me for a home tour – Home tours are Monday thru Saturday at 2:00 pm or 6:00 pm – choose your tour here
3) Request a specific search that sends all the homes that meet your parameters as soon as they come on the market – that way you can beat others to the best homes. Send me an email with “specific search” in the subject line and your wish list – Price range, school district, style, minimum number of bedrooms, etc. – Vickie@DreamsCanHappen.com
4) Receive a Home Loan Report –There are so many different loan programs. Do you need 20% down payment to purchase a home? Are there special programs for first time home buyers? What does CHFA mean? What’s the difference between a FHA loan and a Conventional loan? Send me an email – – Vickie@DreamsCanHappen.com with “Home Loan Report” in subject field and I’ll send it right over.
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