Mortgage Interest Rates Remain Low

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!

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

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