Interest Rates Parker Colorado Lowest Since 1971

The 30-year fixed-rate mortgage (FRM) averaged 2.86 percent, the lowest rate in our survey’s history which dates back to 1971.

“Mortgage rates have hit another record low due to a late-summer slowdown in the economic recovery,” said Sam Khater, Freddie Mac’s Chief Economist. “These low rates have ignited robust purchase demand activity, which is up twenty-five percent from a year ago and has been growing at double-digit rates for four consecutive months. However, heading into the fall it will be difficult to sustain the growth momentum in purchases because the lack of supply is already exhibiting a constraint on sales activity.”

DOUGLAS COUNTY COLORADO 2nd healthiest County in the US. Here are some cities in Douglas County.

Castle Rock
Parker
Highlands Ranch
Lone Tree
Castle Pines
Larkspur
Sedalia
Roxborough Park
Franktown
Perry Park
The Pinery
Louviers
Stonegate
Westcreek
Meridian
Heritage Hills

News Facts

30-year fixed-rate mortgage averaged 2.86 percent with an average 0.8 point for the week ending September 10, 2020, down from last week when it averaged 2.93 percent. A year ago at this time, the 30-year FRM averaged 3.56 percent.
15-year fixed-rate mortgage averaged 2.37 percent with an average 0.7 point, down from last week when it averaged 2.42 percent. A year ago at this time, the 15-year FRM averaged 3.09 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.11 percent with an average 0.2 point, up from last week when it averaged 2.93 percent. A year ago at this time, the 5-year ARM averaged 3.36 percent.

The PMMS^® is focused on conventional, conforming, fully-amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, investors and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

MEDIA CONTACT:
Angela Waugaman
703-714-0644
Angela_Waugaman@FreddieMac.com

let's talk!