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Castle Rock

Current Mortgage Rates in Castle Rock, Colorado

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

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

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Mortgage Rates in Castle Rock, CO as of December 9, 2019
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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.

How Do Today's Castle Rock, CO Mortgage Rates Compare?

December 9, 2019

The current average rate for a 30 year fixed rate mortgage in Castle Rock 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
Castle Rock, CO Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Castle Rock, Colorado?

The median home value for Castle Rock, CO (Douglas County) is $521,886

The median household income for Castle Rock, CO (Douglas County) is $114,552

Based on current mortgage rates and a 10% down payment, you need to make $96,826 per year to buy the median priced home in Castle Rock

The home price you can afford to buy based on household income in Castle Rock is 118% of the median home value which means housing prices are average

Castle Rock (Douglas County) ranks 31 out of 64 counties in Colorado and 2,880 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Castle Rock, CO is average

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Loan Limits for Castle Rock, Colorado

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Castle Rock (Douglas County) below.

Conforming loan limits for Castle Rock, CO

1 unit: $561,200
2 units: $718,450
3 units: $868,400
4 units: $1,079,250

FHA loan limits for Castle Rock, CO

1 unit: $561,200
2 units: $718,450
3 units: $868,400
4 units: $1,079,250

VA loan limits for Castle Rock, CO

1 unit: $561,200

Additional Mortgage Resources for Castle Rock, CO Residents

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Pueblo Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index