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Colorado

Current Colorado Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Colorado. Review free, personalized mortgage rates for Colorado based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Colorado. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Colorado as of July 9, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Colorado Mortgage Rates Compare?

July 9, 2020

The current average rate for a 30 year fixed rate mortgage in Colorado is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Colorado Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Colorado?

Below we offer valuable insights on the housing market and real estate prices in Colorado. Understand how much you need to make to buy a house in Colorado, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Colorado is affordable for you. We provide this helpful information to help you decide if living in Colorado is right for you.

The median home value for Colorado is $410,178

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Colorado is $73,821

With this income, you could qualify for a $369,160 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Colorado is $1,710

The median household income for Colorado is $70,714

Based on this income, you can afford a home valued at approximately $392,912

The home price you can afford to buy based on household income in Colorado is 96% of the median home value which means housing prices are very expensive. Colorado ranks 45 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Colorado is very expensive

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Additional Mortgage Resources for Colorado Residents

Mortgage Rates for Colorado Cities

Aurora Mortgage Rates

Boulder Mortgage Rates

Brighton Mortgage Rates

Castle Rock Mortgage Rates

Colorado Springs Mortgage Rates

Denver Mortgage Rates

Fort Collins Mortgage Rates

Greeley Mortgage Rates

Lakewood Mortgage Rates

Pueblo Mortgage Rates