Mortgage Interest Rates Remain Low

By Kristal Kraft Denver Realtor | Published: January 21, 2005

Buying a home has become a reality for many who could not afford one thanks to the low interest rates. 

Fourteen years ago the prevailing interest rate was 10.13%.  At the end of the year in 2004 the mortgage loan interest rate was 5.84%.  The difference in buying power on a home loan of $250,000 was $744.72!

Denver interest rate graph for 1990 thru 2004

For more information about Denver housing and pricing trends visit The Berkshire Group, Realtors Market Update.

Click on the image to enlarge.

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About the Author

Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog

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  • Welcome to Denver Dwellings where I write about Denver real estate trends, where to live, eat, play and how to buy or sell a house in Colorado. This part of the world is where I call home, it is a place I love and I hope that joy shows through!