Friday, May 18, 2012

Broomfield Home Buying and Interest Rates

real estate in broomfield
Here is the question that, as an agent in Broomfield, I am definitely asked the most about. What are the current interest rates? I always tell this person the rate is at about...but it depends on a couple of things. Interest rates for home loans are subject to at least several components that factor the estimated amount of interest for the loan pricing agreement. The interest rate is not locked until a loan application is completed, a loan application fee is collected and the person obtaining the loan has signed a loan financing and pricing agreement. The kinds of things that affect your interest rate might include the loan program that you choose, your credit score, your loan to value ratio for the purchase, and other factors that may pertain to securing the loan. Broomfield CO Real Estate Information

Interest rates are constantly affected daily based on the market conditions that allow available money for the lending institutions. This fluctuation is based upon changes that are reported hourly, so the rate changes by the hour throughout the day. Knowing that rates change is a great advantage to anyone looking to obtain a mortgage loan for the purchase of real estate in Broomfield or the surrounding areas.  Consulting with a mortgage professional is the best way. Simply ask what the rate is for that day, and ask the lender to lock the rate when it appears to reach the lowest point for the day.

Find real estate in Broomfield Colorado and call a top experienced Realtor with Keller Williams on the Homewerks real estate team. Consider looking at our free information and making our real estate tools a resource to find homes for sale in Broomfield. Feel free to search Broomfield Colorado real estate and recently sold properties and foreclosures, new homes, school information,and more. On the lookout for a Broomfield Realtor? Give us a call and we will be glad to help!


Shaun Werkele 303-250-4735
JanelleWerkele 303-668-3111




Shaun Werkele 303-250-4735
Janelle Werkele 303-668-3111