Lowest Mortgage Rates of 2010

On Friday, the Denver Post reported from the Associated Press that mortgage rates fell to their lowest level of 2010 this week!  Fixed rate mortgages tend to follow the yield of 10-year Treasury notes and those yields sank because of worries over European debt that created a flight to safer U.S. securities.

A 30-year fixed rate loan will cost a borrower, on average, 4.84 percent, down from 4.94 percent the week before.  These rates are the lowest since December 2009.

Low interest rates coupled with an abundant inventory continue to make for a compelling buyers market.

Anne Mayberry   970-846-1425

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